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.
News is starting to show up again for the United States technology sector, this time in a more unconventional manner than over the past couple of years. The United States government and other entities are starting to buy up significant stakes in one company, which is best positioned to carry on the onshoring agenda for chipmaking and semiconductor capacity for the nation.
Intel Corporation INTC and HubSpot, Inc. HUBS are two premier tech firms that are leaning heavily into AI (artificial intelligence) for sustenance. Intel, reportedly the world's largest semiconductor company and primary supplier of microprocessors and chipsets, is gradually reducing its dependence on the PC-centric business by moving into data-centric businesses, such as AI and autonomous driving.
Senior officials inside the White House are weighing a plan that would make the United States government the largest single shareholder in Intel (NASDAQ:INTC ).
Intel's revival as a leading chipmaker has gained traction following Tuesday's announcement that SoftBank had taken a 2% stake in the company worth $2 billion.
Major U.S. equities indexes were mixed on Wednesday as tech stocks slid and minutes from the latest Federal Reserve meeting highlighted policymakers' concerns about tariffs and inflation.
Wall Street could be starting to sour on the terms of new deals in the works for chipmakers.
Hayek warned of the danger of government ownership stakes in major companies.
The Nasdaq dropped nearly 290 points (1.3%) by around noon Tuesday, as shares of Nvidia (2%), Intel (7%), Palantir (5%), AMD (2%) and Broadcom led a broader tech selloff. Other firms, including Micron (5%), Tesla (3%), Amazon (2.1%), Apple (1.6%) and Microsoft (0.8%) also declined.
Intel Corp (NASDAQ:INTC, ETR:INL) is in discussions with several large investors to raise fresh capital through a discounted equity infusion, according to a CNBC report citing people familiar with the matter. The talks follow a $2 billion investment from Japan's SoftBank, which purchased shares at $23 each, slightly below the company's recent closing price of $23.66.