U.S. Govt Stake Doubles to $19B as Intel Shares Soar 10.8%
President Trump's Jan. 9 endorsement of Intel CEO Lip-Bu Tan fueled a 10.8% rally lifting shares to their highest level in nearly two years. The U.S. government's 9.9% stake, bought at $20.47 per share for $8.9 billion, has more than doubled in value to about $19 billion, highlighting strategic support.
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