Intel - Possible Entry of the US Government Causes Stock Surge!
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Business drivers: Intel (INTC) is one of the leading US chip manufacturers. After facing significant pressure in recent years due to increasing competition from AMD, Qualcomm, and NVIDIA, the new CEO Lip-Bu Tan aims to lead the chipmaker back to success through restructuring and expanding high-margin segments such as AI chips. On August 17th, rumors about a possible direct involvement of the US government in Intel caused notable increases in stock prices. According to news agency Bloomberg citing informed sources, the US government aims to...
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