The value of Intel shares held by the U.S. government skyrocketed by 300%

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ME News Report, April 24 (UTC+8), following the chip manufacturer Intel’s financial outlook showing a sales rebound, the value of U.S. government-held Intel (INTC.O) shares surged 300%, reaching approximately $36 billion. Since the U.S. government announced this investment with Intel last August, the paper gains amount to nearly $27 billion. The company’s CEO gained support from the White House through charm offensive and repaired relations with President Trump, ultimately securing this extraordinary investment. (Jin10) (Source: ODAILY)

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