Intel in Talks on Potential U.S. Government Stake

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U.S. chipmaker Intel is reportedly in talks with the U.S. government about taking a stake in their company, according to Bloomberg. Neither Intel nor Washington have confirmed the talks, which would reportedly help shore up the financially troubled chipmaker's planned facilities in Ohio.

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00:00U.S. chipmaker Intel is reportedly in talks with Washington about a possible government

00:04stake in the company. A Bloomberg report says the deal would help shore up Intel's planned

00:10complex in Ohio, which has repeatedly been delayed. The company has struggled financially

00:15in recent years, with a new CEO, Lit Butan, taking the helm in March. Intel shares closed

00:21up more than 7 percent on Thursday. The company refused to comment on the talks, while a White

00:25House spokesperson called discussion about any deals speculation.

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