White House Mulls 10% Intel Stake as Chipmaking Push Intensifies
Summary
The White House is considering taking a 10% stake in Intel as part of its push to bolster domestic chipmaking and national security, fueling a recent 18% rally in Intel's stock.
Key Points
- The White House considers taking a 10% stake in Intel amid talks of potential government investment.
- Intel's stock has gained 18% this year, with reports of government investment fueling recent rally.
- The move aims to shore up national security and advance more chipmaking in the U.S. versus Asia and other nations.