Reported about 16 hours ago
Intel's shares surged nearly 4% amid speculation that the U.S. government may acquire a stake in the chipmaker to support its financial turnaround. This follows a meeting between CEO Lip-Bu Tan and President Trump, where discussions around the CHIPS Act funding were raised. Despite receiving substantial subsidies last year, Intel faces challenges, including a weak product roadmap and competition from TSMC and AMD, raising concerns about its ability to regain market competitiveness.
Source: YAHOO