Intel Shares Pop 7% As SoftBank Invests $2 Billion And Trump Administration Weighs Stake

Topline Shares of Intel rose more than 7% as trading opened Tuesday, following an announcement that SoftBank would invest $2 billion in the company and a report the Trump administration was holding talks about becoming the chipmaker's largest shareholder. The company's latest success comes after Trump briefly called for CEO Lip-Bu Tan to resign. Key Background Intel's stock has spiked in recent weeks as the company now appears to have the support of the Trump administration. Earlier this month, President Do ...