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The value of the U.S. government's stake in Intel has surged by 300%
According to Svmuu, after the financial outlook of chip manufacturer Intel showed a recovery in sales, the value of the U.S. government's shares in Intel (INTC.O) surged by 300%, reaching approximately $36 billion. Since the investment was announced by Intel and the U.S. government in August last year, the book return has amounted to nearly $27 billion. The company's CEO, through a charm offensive, won the support of the White House and mended relations with President Trump, ultimately securing this extraordinary investment. (Jinshi)
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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