Intel, SoftBank
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Intel fell almost 8% as investors awaited the government's decision on the stake purchase and processed the possible consequences.
Shining a Spotlight on Intel Intel (NASDAQ:INTC) has emerged from the shadows of its semiconductor rivals, capturing the attention of investors and policymakers alike. After years of struggling to keep pace with competitors like Nvidia (NASDAQ:NVDA) and Taiwan Semiconductor Manufacturing (NYSE:TSM),
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tom's Hardware on MSNWhite House confirms talks to acquire 10% stake in Intel — 'We should get an equity stake for our money'
The U.S. wants to get 10% of Intel in exchange for the billions of dollars it’s giving it under the CHIPS Act.
Shares of AMD are continuing their slide Wednesday morning. Chip stocks fell Tuesday after SoftBank announced a $2 billion investment in rival Intel.