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Benzinga
Benzinga
Business
Adam Eckert

Intel Stock Is Trading Higher Monday: What's Going On?

Intel Corporation Donald Trump LipBu Tan United States
Haifa,,Israel,-,November,1,,2022:,Intel,Research,And,Development

Intel Corp (NASDAQ:INTC) shares are trading higher Monday after the U.S. government announced plans to take a 10% stake in the chipmaker.

What Happened: After the market close on Friday, Intel announced an agreement with the Trump administration in which the U.S. government will invest $8.9 billion in Intel to support the continued expansion of American technology and manufacturing.

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