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In the financial markets, it’s been said that “you can’t fight the Fed.” But in Intel’s (INTC) case, it might be more accurate to say you can’t fight Washington.
With the U.S. government taking a 10% equity stake in Intel this summer, the company isn’t just another semiconductor story. It’s part of the national security portfolio. Uncle Sam now owns nearly half a billion shares in Intel, and that suggests the company isn’t going bankrupt anytime soon. Recent developments have created a de facto layer of downside protection that could help protect the company from sharp downside corrections — at least in the near term.
