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The value of Intel shares held by the US government has surged 300%.

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ME News reports that on April 24 (UTC+8), after chipmaker Intel's financial outlook showed a recovery in sales, the value of the U.S. government's stake in Intel Corporation (INTC.O) surged 300% to approximately $36 billion. Since the announcement of this investment by Intel and the U.S. government in August last year, the paper return has amounted to nearly $27 billion. The company's CEO won White House support through a charm offensive and mended relations with President Trump, ultimately securing this extraordinary investment. (Jin Shi) (Source: ODAILY)
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