The Trump administration is in talks to have the U.S. government potentially take a stake in Intel (INTC) to support the company’s effort to expand domestic manufacturing, people familiar with the plan told Bloomberg’s Ryan Gould, Josh Wingrove and Liana Baker. The plans stem from the meeting this week between President Trump and CEO Lip-Bu Tan, noted the report, thought the size of the potential stake is not clear, added Bloomberg.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTC:
- Trump administration discussing taking stake in Intel, Bloomberg says
- “30% Higher Gaming Performance”: Intel Stock (NASDAQ:INTC) Gains With New Lunar Lake Findings
- AMD Continues to Gain CPU Market Share Over Intel, Says Bank of America
- AMD Stock Slips Despite CPU Market Unit Gains
- Intel Identity Crisis? Intel Stock (NASDAQ:INTC) Gains Despite Growing Concern About What Intel Really Is