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Benzinga
Benzinga
Business
Anusuya Lahiri

Intel Jumps As Trump Explores Investment In Bid To Revive US Chip Ambitions

Intel Corporation Donald Trump United States INTC Nasdaq Jim Cramer LipBu Tan
Santa,Clara,,Ca,,Usa,-,Nov,22,,2023:,Intel,Corporation's

Intel Corp. (NASDAQ:INTC) gained Friday after Bloomberg reported that the Trump administration is weighing taking a stake in the chipmaker, following a meeting between President Donald Trump and CEO Lip-Bu Tan.

Jim Cramer said Intel’s weak balance sheet makes a potential government stake critical to finishing projects that former CEO Pat Gelsinger couldn’t fund.

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