Intel Soars in Premarket Trading as US Government Eyed for Stake

Shares of Intel Corporation (INTC) experienced a significant surge in premarket trading Friday, rising 2.72% to $24.51, after reports surfaced that the Trump administration is exploring acquiring a stake in the struggling chipmaker. This potential government intervention comes amidst ongoing tensions between President Trump and Intel CEO Lip-Bu Tan, stemming from alleged ties to Chinese military-linked companies. The move could provide Intel with crucial funding and strategic support as it battles to reclaim its position in the AI chip market.