SoftBank Invests in Intel
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Intel stock falls as the company seeks more investors after SoftBank deal and Trump administration considers equity stake.
Intel looks to be set to get the U.S. government as a shareholder. The Trump administration could pursue equity stakes in other companies including Taiwan Semiconductor Manufacturing
In a just-breaking development, Bloomberg reports the Trump administration may take a 10% stake in Intel ( INTC -3.71%) -- which perversely is down 3.9% on the news, at least as of 12:35 p.m. ET. Probably not the reaction that either the Trump administration or Intel itself anticipated.
Shining a Spotlight on Intel Intel (NASDAQ:INTC) has emerged from the shadows of its semiconductor rivals, capturing the attention of investors and policymakers alike. After years of struggling to keep pace with competitors like Nvidia (NASDAQ:NVDA) and Taiwan Semiconductor Manufacturing (NYSE:TSM),
At the same time, the U.S. government has signaled interest in taking a direct stake. Treasury Secretary Scott Bessent described domestic semiconductor production as vital to national security, while Commerce Secretary Howard Lutnick suggested that Intel should provide equity in return for CHIPS Act support.
The stock closed nearly 7% higher Tuesday after Japan’s SoftBank (JP:9984) agreed to invest $2 billion in
Intel ( INTC) stock climbed more than 5% in pre-market trading Tuesday following the announcement that SoftBank Group ( SFTBY) will take a $2 billion stake in the ailing chip giant.
Intel stock popped on Friday on a report the US government could take a stake in the ailing chip company.
Despite the rocky relationship between President Donald Trump and CEO Lip-Bu Tan, the government is reportedly eyeing a stake in Intel.
The Dow, S&P 500, and Nasdaq are falling. The tech selloff extends a second day and markets shrug off the latest Federal Reserve minutes.