Intel’s stock rose 4.6% in premarket trading on Friday following a Bloomberg report that the Trump administration is considering taking a stake in the chipmaker. The talks come after a meeting between President Trump and Intel CEO Lip-Bu Tan, despite recent tensions over Tan’s alleged China-linked investments.
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Intel declined to comment, but analysts say government backing could boost its struggling foundry business. However, challenges remain in competing in advanced chipmaking.
The news caps a volatile week for Intel, with shares up nearly 20% amid easing tensions between Tan and Trump.
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