All articles tagged with #us government stake
Shares of Trilogy Metals surged 215% after the US announced a 10% stake and a $35.6 million investment in the company, as part of efforts to secure domestic supplies of critical minerals like copper, cobalt, zinc, and lead, crucial for energy and defense industries, and to counter China's dominance in the supply chain.
Shares of Trilogy Metals surged nearly 200% after the U.S. government announced a 10% stake in the company as part of a partnership to develop critical minerals in Alaska, including copper and other resources vital for energy and defense industries, reversing previous project rejections and highlighting a focus on domestic supply chains.
Lithium Americas stock surged 33% after the U.S. government confirmed it will take a 5% stake in the company and its Thacker Pass lithium project, aiming to boost domestic lithium production and reduce imports, amid recent government investments in critical minerals.
The US government is moving towards acquiring a small equity stake in Lithium Americas, the developer of the Thacker Pass lithium mine in Nevada, as part of a restructuring of a $2.3 billion federal loan to support the project, which is crucial for electric vehicle battery production and involves significant corporate and government investment.
Intel faces significant challenges with declining market share and financial struggles, prompting the US government to acquire a nearly 10% stake in the company. Shark Tank's Kevin O'Leary criticizes this move, calling Intel a failing company that should have been sold off years ago. Despite efforts by new CEO Tan to cut costs and pivot towards AI, skepticism remains about Intel's ability to regain its former dominance in the semiconductor industry.
President Trump announced that the U.S. government has acquired a 10% stake in Intel, investing approximately $8.9 billion, as part of a strategic move to bolster U.S. leadership in semiconductors and reduce dependence on foreign chip manufacturing. The deal was facilitated through government grants and aims to strengthen domestic chip production amid ongoing global competition, especially with China.
Bank of America analysts highlight manufacturing clarity as crucial for Intel's stock, maintaining a neutral rating with a $25 target, amid reports of a potential U.S. government stake and concerns over manufacturing and customer risks, especially in China.
The Trump administration is in talks with Intel to potentially take a stake in the company, aiming to bolster US semiconductor manufacturing and national security, amid Intel's struggles in AI chip competition and factory expansion. Intel's shares surged on the news, following discussions between Trump and Intel's CEO, with details still being negotiated.
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.