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US Government Reportedly Considering Stake In Intel

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US Government Reportedly Considering Stake In Intel

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The US government is reportedly in early-stage talks to acquire a stake in Intel, aiming to bolster domestic chip manufacturing. Details regarding the deal's size and value remain undisclosed. This follows President Trump's initial call for CEO Lip-Bu Tan's resignation over China ties, later reversed after a meeting. Intel confirmed its support for strengthening US tech manufacturing but declined comment on the speculation. A government stake could potentially fund Intel's delayed Ohio semiconductor facility project. Intel's shares saw a 7% surge following the report.

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