The value of Intel shares held by the US government surges by 300%

Golden Ten Data, April 24 — After the financial outlook of chip manufacturer Intel indicated a recovery in sales, the value of Intel (INTC.O) shares held by the US government soared by 300%, reaching approximately $36 billion. Since Intel and the US government announced this investment last August, the on-paper return has amounted to nearly $27 billion. The company's CEO won White House support through a charm offensive and repaired relations with President Trump, ultimately securing this extraordinary investment.