Intel Soars As U.S. Stake Value Climbs To $16 Billion

Benzinga

Intel shares rose 3%, capping a 50% monthly surge that lifted the U.S. government’s stake to $16 billion through CHIPS Act funding. The rebound follows Intel’s 2024 collapse and leadership change to CEO Lip Bu-Tan, with new backing from SoftBank and Nvidia. Reports of early talks with AMD as a foundry customer added further confidence.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Intel shares rose 3% Thursday, capping a monthly gain of more than 50%,

00:06lifting the Trump administration's 10% stake in the company to about $16 billion.

00:11The government purchased 433.3 million shares in August for $8.9 billion,

00:16using funds from ChipAx grants.

00:18Intel has already collected $2.2 billion in grants, with another $8.9 billion on the way,

00:22also attracting major investments from SoftBank and NVIDIA.

00:25Surge marks a turnaround from Intel's 2024 collapse

00:28that saw shares plunge 60% and CEO Pat Gelsinger exit.

00:32Under new CEO Liv Bhutan, shares are now at an 18-month high.

00:36Confidence grew further this weekend to report to the Intels

00:38in early talks with AMD to become a customer.

00:41For all things money, visit Benzinga.com.

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