Tech
Intel jumps on report of possible US government stake buy
[ad_1]
Shares of Intel surged 4.6% in premarket trading on Friday after Bloomberg News reported that the Trump administration is in talks with the struggling chipmaker for the U.S. government to potentially take a stake in the company.
The reported discussions follow a meeting this week between President Donald Trump and Intel CEO Lip-Bu Tan, days after Trump called for Tan’s resignation over alleged China-linked investments.
Intel on Thursday declined to comment on the report.
A potential deal could highlight the White House’s increasingly hands-on approach…
[ad_2]
Source link
Continue Reading
You must be logged in to post a comment Login