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00:02Intel shares rose Thursday after reports that CEO Lipu Tan is seeking funding and partnerships to drive the company's turnaround.
00:08According to the Wall Street Journal, Tan has reached out to Apple and Taiwan's semiconductor manufacturing company about potential collaborations.
00:15Talks which began before the U.S. acquired nearly a 10% stake in Intel have gained momentum,
00:20made a pressure from the Trump administration to restore the firm's position in the semiconductor market.
00:24SoftBank invested $2 billion in August, followed by a $5 billion investment from NVIDIA this month.
00:30Intel still reported a $3.7 billion loss in the first half of 2025 and may seek further capital before year-end.
00:36Intel's stock closed up 9.21% at $34.10, according to Benzinga Pro.
00:42For all things money, visit Benzinga.com.
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