Intel stock pops 7% as Trump confirms stake, but some say it’s a ‘recipe for disaster’
Friday, 22 August 2025 ()
Intel Corp (NASDAQ: INTC) is rallying late on Friday after President Donald Trump confirmed the US government has finalised a deal to take a 10% equity stake in the beleaguered chipmaker. The aforementioned agreement marks an extraordinary federal intervention in corporate America. The announcement, expected to be formalized later in the day, follows a $2.0 […]
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