Lates News

The financial outlook for chip maker Intel has shown a sales recovery, causing the value of the US government's stake in Intel (INTC.O) to soar by 300% to approximately $36 billion. Since Intel and the US government announced this investment in August last year, the return on paper has totaled nearly $27 billion. The company's CEO won White House support through a charm offensive and repaired relations with President Trump, ultimately securing this unprecedented investment.