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Intel's Stock Soars 50% Last Month, U.S. Government's Holding Hits $16 Billion
2 day ago /
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Author：小编
On Thursday, shares of the American chip giant Intel experienced a 3% uptick, bringing its cumulative monthly gain to over 50% and propelling its stock price past the $37 per share mark. Consequently, the valuation of the U.S. government's 10% ownership stake in Intel has surged to roughly $16 billion. This August, under the Trump administration, a deal was struck to acquire 433.3 million common shares of Intel at a price of $20.47 apiece, marking a total investment of $8.9 billion.
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