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Intel shares jump after report of possible US stake in chipmaker
Experts suggest the reported deal could give the US an edge in the chipmaking sector.
Though it is uncommon for the US government to directly support a single company, backing Intel could be a "special case" because the stakes are high for America's chipmaking edge, said tech analyst Austin Lyons. Washington is unlikely to seek a majority stake, but just enough to ensure it has influence over the nation's primary chipmaking company, said Raymond Woo from Kyoto University Innovation Capital, the school's investment arm. Mr Tan, an American venture capitalist who took over as Intel's chief executive in March, has focused on getting the firm's finances in check and catching up in the booming AI chip industry.
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