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…
Intel stock (INTC) rose more than 3% at the start of trading Friday following a report that the US government is considering taking a stake in the struggling chipmaker. According to Bloomberg, the plan could see the government help Intel build out its planned chip complex in Ohio, which the company has had to delay…
By Max A. Cherney, Jeffrey Dastin and Stephen Nellis SAN FRANCISCO (Reuters) -Intel’s (INTC) new chief executive is exploring a big change to its contract manufacturing business to win major customers, two people familiar with the matter told Reuters, in a potentially expensive shift from his predecessor’s plans. If implemented, the new strategy for what…