The exuberance around Intel appears to be fading fast as the Trump administration’s plans to bolster the chipmaker’s domestic manufacturing capacity continue to emerge from the haze of speculation, disappointing investors who had pencilled in a greater quantum of support. To wit, Bloomberg is now reporting that the Trump administration is mulling a 10 percent stake in Intel, which amounts to an investment of little over $10 billion, as per the chipmaker’s current market cap. Intetestingly, Intel shares have tumbled by 5 percent since this report emerged, indicating pervasive disappointment among investors. Do note that the Trump administration’s entire raison […]
Read full article at https://wccftech.com/market-disappointed-as-trump-administration-mulls-a-10-percent-stake-in-intel/
