Trump Says Federal Intel Stake Has Made 'Tens Of Billions': Stock Climbs
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President Trump praised Intel's new processors and the U.S. government's stake in the company, claiming it has generated tens of billions for Americans in just four months. Following his comments, Intel's stock (NASDAQ: INTC) rose 1.78% to $41.84 in extended trading. Trump highlighted the importance of bringing chip manufacturing back to the U.S. after a complicated relationship with Intel's CEO, Lip-Bu Tan, which included a demand for his resignation earlier this year. The U.S. government holds a 9.9% equity stake in Intel as part of a historic agreement.
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