Intel shares rose after reports that the Trump administration may use CHIPS Act funds to acquire a stake, signaling possible U.S. strategic investment in the semiconductor giant.
Intel's stock price gained 2.5% amid reports that the Trump administration is considering using CHIPS Act funds to purchase a stake in the company. This potential move, currently under discussion according to market sources, would represent a direct U.S. government investment in Intel. The development suggests a broader policy consideration aimed at reinforcing domestic semiconductor capabilities.