Trump administration vying to own a big stake in Intel
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Intel looks to be set to get the U.S. government as a shareholder. The Trump administration could pursue equity stakes in other companies including Taiwan Semiconductor Manufacturing
The US government is in discussions to potentially take a partial ownership stake in Intel, according to an Aug. 18 report by Bloomberg. The deal could help accelerate the construction of Intel’s long-delayed semiconductor manufacturing plant in Ohio.
Intel’s stock rose 7% on Tuesday after SoftBank announced a stake in the chip maker, and as the U.S. government considers an investment as well. Money might not be the solution to Intel Corp.’s problems.
White House officials are discussing the move as part of a government effort to rescue the embattled chip maker and bolster U.S. semiconductor manufacturing. Robbie Whelan and [_
The White House is considering taking a 10% stake in chipmaker Intel per reports as talks with the company and Trump's team advance.
Enthusiasm for a potential U.S. government stake in Intel Corp. is pushing the chip maker's stock toward its best week in 50 years. Intel shares were up 6.8% in Friday trading, on top of a 7.4% rise in Thursday's session.