Intel Shares Jump On Reports Trump Administration Weighs Stake To Support Ohio Chip Hub Plans

Intel shares rose more than 7% Thursday after Bloomberg reported the Trump administration is in talks to take a stake in the chipmaker, according to the BBC. Bloomberg reported the potential deal would help fund Intel’s planned Ohio manufacturing hub, though the size of the stake remains unknown. White House spokesman Kush Desai said talks about hypothetical deals should be treated as speculation until officially announced. The report follows a meeting between Intel CEO Lip-Bu Tan and Trump, who had previously accused Tan of being “highly conflicted” over past ties to China. Bloomberg reported that Intel declined to comment on the talks but said it is committed to supporting Trump’s efforts to bolster U.S. technology and manufacturing. Analysts said the move could be a “lifeline” for Intel, which has struggled in the AI race and seen its market value more than halve since 2020.