Intel shares jump after report says Trump administration looking at stake

Intel shares surged 7.4% after reports that the Trump administration is considering a government investment in the struggling chipmaker to support its Ohio factory hub and financial stability amid job cuts. Talks followed a meeting between President Trump and Intel CEO Lip‑Bu Tan, despite Trump recently calling for Tan’s resignation over alleged ties to China. While the White House stressed the discussions are speculative, investors reacted positively, lifting Intel’s market value to $104.4bn, The Guardian has reported. The potential stake would mark another U.S. government intervention in critical industries, despite Trump’s prior criticism of Intel’s leadership.