Investors may have cheered Nvidia’s (NVDA) announcement that it will take a $5 billion stake in Intel (INTC), with shares of the latter soaring as much as 30% Thursday. But the investment does little to solve what is arguably Intel’s biggest problem: how to fix its ailing contract chip manufacturing business. As part of the…
Intel (INTC) rose roughly 7% on Tuesday, a day after SoftBank Group announced it would take a $2 billion stake in the struggling chipmaker. News of SoftBank’s investment follows a Bloomberg report last week that said the Trump administration is considering taking up to a 10% position in the company. Treasury Secretary Scott Bessent confirmed…
By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) -Intel warned investors on Thursday that it may have to get out of the chip manufacturing business if it does not land external customers to make chips in its factories. New CEO Lip-Bu Tan said on Thursday the company’s engineers were busy working with customers…