Intel Shares Soar After Report Says Trump Administration May Buy Equity In Tech Giant

Core Viewpoint - Intel's stock experienced a significant increase of 7.4% following reports of potential equity investment discussions with the Trump administration aimed at bolstering U.S. manufacturing presence [2]. Group 1: Stock Performance - Intel shares closed up 7.4% on Thursday, marking their highest level since March and recovering from a decline that occurred after a disappointing earnings report last month [2]. - The stock surge occurred in the final hour of trading, indicating strong market interest and investor confidence [1]. Group 2: Government Involvement - The Trump administration is reportedly in talks with Intel regarding a potential equity stake, which would support Intel's manufacturing initiatives in the U.S., particularly a new plant in Ohio [2]. - The size of the potential stake remains unspecified, highlighting uncertainty around the deal [3]. Group 3: Manufacturing Plans - Intel is planning to build two manufacturing facilities in Ohio, with a total investment of $28 billion expected to be completed by 2030 [3]. - The discussions about the potential investment are still in the speculative stage, as noted by White House Spokesman Kush Desai [3].