Trump administration vying to own a big stake in Intel
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Walter Isaacson, Tulane University professor and Perella Weinberg advisory partner, criticized the proposed U.S. government stake in Intel ( NASDAQ: INTC) as a concerning form of “state capitalism.”
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.
Enthusiasm for a potential U.S. government stake in Intel Corp. is pushing the chip maker's stock toward its best week in 50 years. Intel shares were up 6.8% in Friday trading, on top of a 7.4% rise in Thursday's session.