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Gold
One platform for global traditional assets
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Hot
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The value of Intel shares held by the U.S. government skyrocketed by 300%
Golden Finance reports that on April 25th, following the chip manufacturer’s Intel’s financial outlook showing a sales rebound, the value of Intel(INTC.O) shares held by the U.S. government soared by 300%, reaching approximately $36 billion. Since Intel and the U.S. government announced this investment in August last year, the book value of the return has been nearly $27 billion. The company’s CEO gained support from the White House through charm offensive tactics and repaired relations with President Trump, ultimately securing this extraordinary investment.