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Story summary
- The U.S. President Donald Trump bought a 9.9% Intel stake, 433.3 million shares for $8.9 billion.
- Intel’s price jumped 24%–28% to $85.22, closing at $82.57.
- The stake’s value rose to $36 billion, a $27 billion gain, and includes warrants for 5% at $20 per share.
- CEO Lip-Bu Tan secured the investment after charm offensive to win back White House, while administration eyes a loan to let it own up to 90% of Spirit Airlines.
