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Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money ...
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies ...
Shares of Intel (NASDAQ: INTC) are falling on Wednesday, down 7% as of 12:14 p.m. ET. The drop comes as the S&P 500 and ...
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 ...
The industry looks very different from when Intel was the clear leader. Nvidia and AMD dominate AI and data centers, while ...
But Intel wasn't alone in winning CHIPS Act grants. As CNBC points out, Taiwan Semiconductor (TSMC) was awarded $6.6 billion ...
The investment case for Intel has fundamentally changed. The stock should no longer be valued solely on its near-term earnings or competitive battles. It must now be viewed as a long-term, strategic ...
But Intel isn't the only company to receive CHIPS Act grants. Micron was awarded $6.1 billion as well -- the second-biggest ...
The Trump administration is in talks to secure a 10% stake in Intel in exchange for converting government grants that were ...
Intel fell almost 8% as investors awaited the government's decision on the stake purchase and processed the possible consequences.
Intel looks to be set to get the U.S. government as a shareholder. The Trump administration could pursue equity stakes in ...