Shares in Intel jumped more than 7 per cent on Thursday after reports that the Trump administration had discussed an unusual move to acquire an ownership stake as part of a plan to revive the troubled US chipmaker.
The proposal emerged after President Donald Trump met Intel’s chief executive Lip-Bu Tan earlier this week, according to one person familiar with the discussion, who cautioned that details were still being worked out and the talks could fall apart.
A possible US acquisition of a stake in a publicly traded company underscores the Trump administration’s increasingly interventionist approach to corporate America.
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