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The value of Intel shares held by the U.S. government skyrocketed by 300%
Odaily Planet Daily News reports that following the chip manufacturer’s Intel’s financial outlook showing a recovery in sales, the value of U.S. government-held Intel (INTE.C0) shares has skyrocketed by 300%, reaching approximately $36 billion. Since Intel and the U.S. government announced this investment last August, the paper gains on the books amount to nearly $27 billion. The company’s CEO gained support from the White House through charm offensive and repaired relations with President Trump, ultimately securing this extraordinary investment. (Jin10)