Value of U.S. Government's Intel Shares Soars by 300%

On April 24, following a recovery in sales prospects for chip manufacturer Intel, the value of shares held by the U.S. government in Intel (INTC.O) surged by 300%, reaching approximately $36 billion. Since the investment was announced last August, the paper return has amounted to nearly $27 billion. The company’s CEO garnered support from the White House through a charm offensive and repaired relations with President Trump, ultimately securing this extraordinary investment.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin