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Benzinga
Benzinga
Business
Anusuya Lahiri

What Is Going On With Intel Stock On Tuesday?

Taiwan Semiconductor Donald Trump Altera INTC Intel Corporation Semiconductor Taiwan Semiconductor Manufacturing Co United States Silver Lake
Stone,Uk,-,September,2,2020:,New,Intel,Logo,Seen

President Donald Trump's administration plans to take a stake in Intel Corp (NASDAQ:INTC) to help the key U.S. chipmaker unlock value. The administration aims to replicate the public-private model that fueled Taiwan Semiconductor Manufacturing Co's (NYSE:TSM) success.

Intel and Taiwan Semiconductor traded higher on Monday, while Taiwan Semiconductor marked an all-time high, spurred by investor optimism amid an exciting earnings season.

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