All articles tagged with #ohio factory
Shares of Intel surged over 7% following reports that the US government is in talks to take a stake in the company to support its plans for a major chip manufacturing hub in Ohio, potentially providing funding and strategic influence amid Intel's recent struggles in the AI race and global competition.
Intel's stock rose 7% following reports that the US government is considering taking a stake in the company to support domestic semiconductor manufacturing, particularly its Ohio factory, amid ongoing industry challenges and national security concerns.
The Trump administration is reportedly in talks with Intel to potentially take a government stake in the company to support its domestic manufacturing expansion, particularly in Ohio, amid Intel's financial struggles and delays in its factory plans. The deal aims to bolster Intel's financial position and ensure the Ohio project proceeds, reflecting broader government efforts to strengthen US technology and manufacturing sectors. Shares of Intel rose significantly on news of the discussions.