Intel shares jump after report of possible US stake in chipmaker
The article comes days after a meeting between Intel boss Lip-Bu Tan and US President Donald Trump, who had earlier accused Mr Tan of being "highly conflicted" due to his earlier ties to China.
White House spokesman Kush Desai said "discussion about hypothetical deals should be regarded as speculation unless officially announced by the administration."
The reported deal would support the technology firm's plans to build a manufacturing hub in Ohio, according to Bloomberg , which said the size of the potential stake is not clear.
Shares in Intel jumped by more than 7% on Thursday, following reports that the Trump administration is in talks to take a stake in the chipmaker.
The BBC has contacted Intel for comment.
According to Bloomberg, the firm's spokesperson declined to comment on the discussions and said that Intel is "deeply committed to supporting President Trump's efforts to strengthen US technology and manufacturing leadership".
The details of the stake and price are still being discussed, the report said.
The reported move would be a "lifeline" for Intel, offering the company funding and government support, said tech analyst David Nicholson from The Futurum Group, a market research firm.
The storied chipmaker has struggled in recent years after falling behind in the AI race, with rival Nvidia leaping ahead. Intel's stock market value has more than halved to $104 billion (£77bn) since 2020.
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