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Trump says Intel has made a 'fortune' and America has made $40 billion after the US invested in ailing chipmaker — Intel has gained $73 billion in market cap since investment

Source

Tom's Hardware

Published

TL;DR

AI Generated

The U.S. government's investment in Intel has resulted in a significant increase in the company's market capitalization, with President Trump claiming America has made $40 billion from the deal. Despite Intel's struggles in areas like AI, it remains a major player in data center and telco CPUs. The company's recent strategic partnership with Nvidia is seen as a financial win and a vote of confidence in Intel's products. The investment in Intel is crucial for national security and industrial sovereignty, as it secures onshore chip production and reduces reliance on foreign manufacturers like TSMC and Samsung.

Trump says Intel has made a 'fortune' and America has made $40 billion after the US invested in ailing chipmaker — Intel has gained $73 billion in market cap since investment - Tech News Aggregator