Reported 1 day ago
The U.S. government plans to acquire a 10% stake in Intel, as announced by President Trump, which led to a rise in Intel's stock price. The proposed deal comes amid significant restructuring at Intel, as CEO Lip-Bu Tan seeks to realign the company against competitors like Nvidia. Trump's suggestion for the government's stake indicates a shift from traditional U.S. policy regarding government ownership in private companies, reminiscent of actions taken during the 2008 financial crisis.
Source: YAHOO