Nvidia invests in Intel's "life-saving money" and the US government holds floating profits 4.90 billion
2025-09-18 14:41:25
The US government's bet on Intel is paying off handsomely after its surprise investment triggered the biggest rise in the company's share price in almost four decades. It comes less than a month after Mr. Trump brokered a deal for the US government to buy about 10 per cent of the company's shares. Thursday's surge in Intel's share price sent its shares as high as $31.79, raising the market value of the US government's stake to about $14 billion - up from $4.90 billion when the deal was struck in August. Nvidia's investment is Intel's latest "life-saving money". For years, Intel has been in deep trouble: on the one hand, its manufacturing business is struggling, and on the other hand, the chips used in artificial intelligence (AI) have become a core growth area of the semiconductor industry (and Intel is lagging in this area).
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