Intel's Stock Climbs on Government Stake Discussions

Intel Corp. experienced a significant 8% increase in its stock price this Thursday. This surge comes in the wake of reports suggesting that the Trump administration is considering a plan for the US government to acquire a stake in the semiconductor giant. The move is seen as a strategic effort to enhance domestic chip production capabilities.

Proposal Could Fast-Track Intel's Ohio Factory

According to Bloomberg, insiders revealed that this proposal might expedite the development of Intel's delayed Ohio factory complex. The discussions around this potential investment were reportedly part of a recent meeting between President Donald Trump and Intel CEO Lip-Bu Tan. While the exact size of the investment remains undisclosed, it's clear that these talks are still in their preliminary stages.

Market Response: Intel's shares were up by 8.42%, reaching $24.09 each just before the market closed at 3:54 pm ET.