Intel Corporation is a national security asset, transitioning from PC-focused chipmaker to foundry services under new CEO Lip-Bu Tan. Government's proposed 10% equity stake and SoftBank investment could provide critical capital relief for debt reduction and turnaround efforts. Fed rate cuts offer near-term relief on revolvers and short-term debt, with refinancing benefits possible if 10-year yields decline.
Commerce Secretary Howard Lutnick said on Friday that the U.S. government has taken a 10% stake in Intel, the embattled chipmaker that is the only American company capable of making advanced chips on U.S. soil.
Here are some of the major companies whose stocks moved on the week's news.
President Donald Trump on Friday said that Intel has agreed to a $10 billion deal with the US government. A deal hasn't been confirmed by Intel.
Intel (INTC) shares surged Friday as President Donald Trump said the struggling chipmaker agreed to allow the U.S. government to take a 10% stake.
Intel Corp. has agreed to the U.S. government taking a stake in the chip maker, President Donald Trump said Friday, not long after he met with the company's chief executive after initially calling for him to resign.
The Trump administration and Intel (INTC) are set to announce details Friday of an agreement that would see the U.S. government take a stake in the struggling chipmaker, according to a report.
President Trump said on Friday that the U.S. government is looking to take a 10% stake in struggling chipmaker Intel. The stock rose earlier after Bloomberg reported that the Trump administration was poised to announce a government investment in the company.
The move comes after days of discussion in Washington about options for the troubled American chipmaker's future.
INTC expands cloud presence with Xeon 6, driving stronger AI, ML and data processing performance for enterprise workloads.
Unlike Intel (INTC), Taiwan Semiconductor Manufacturing Company (TSM) and Micron (MU) may not be required to give up stakes in exchange for their CHIPS Act grants, following some signs of pushback in early talks.
The Trump administration is backing away from suggestions it could take a stake in TSMC, despite its plans to demand shares in Intel.