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Intel Secures Funding
- Intel reported $13.6 billion revenue, 29 cents EPS, and a 24% share jump to $82.57.
- Nvidia invested $5 billion in newly issued Intel shares, pushing the stock up 23% in a single day.
- The U.S. government acquired a 10% stake in Intel for $8.9 billion, confirming federal backing.
- SoftBank purchased about 2% of Intel for $2 billion in newly issued shares.
- Intel spent $14.2 billion to repurchase 49% of its Irish Fab 34 plant, gaining full ownership.
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