ICYMI - Trump administration to discuss US taking stake in Intel. Intel surged. ...Middle East

Shares of Intel surged over 7% on Thursday after Bloomberg reported the US government may take an equity stake in the chipmaker.

The potential investment would support construction of Intel’s planned Ohio chip complex, a project announced in 2022 with an initial US$20 billion outlay that could eventually reach US$100 billion but has faced delays amid the company’s turnaround efforts. Intel declined to comment on the report.

This article was written by Eamonn Sheridan at investinglive.com.

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