The U.S. government’s stake in Intel has surged in value by 300%

According to Odaily, after the chipmaker Intel’s financial outlook showed a recovery in sales, the value of the U.S. government’s stake in Intel (INTC.O) surged by 300%, reaching approximately $36 billion. Since Intel and the U.S. government announced this investment in August last year, the paper returns have amounted to nearly $27 billion. The company’s CEO, through a charm offensive, won support from the White House and repaired relations with President Trump, ultimately securing this extraordinary investment. (Jin Shi)