Investing.com Intel Corporation (NASDAQ:INTC) jumped in recent trading Friday after President Donald Trump said the chipmaker had agreed to a deal for the U.S. to take a nearly 10% stake in the chipmaker.
Intel Corporation (NASDAQ:INTC) rose more than 6% following the news.
The announcement from Trump came on the heels of a Bloomberg report saying the Trump administration is set to make a formal announcement that Intel had agreed to the government taking a 10% stake, equivalent to just over $100B.
“They’ve agreed to do it and I think it’s a great deal for them,” Trump told reporters Friday at the White House.
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Trump says Intel agrees to US taking nearly 10% stake in struggling chipmaker
Published 2 months ago
Aug 22, 2025 at 7:10 PM
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