Trump’s 10% Intel (INTC) Stake Gains $47 Billion After Apple Chip Deal
Intel (INTC) shares hit a record on May 8 after a preliminary deal to manufacture silicon for Apple. The rally lifted the Trump-era U.S. government Intel stake from $8.9 billion to $56.5 billion. Washington paid $8.9 billion for the 9.9% position eight months ago. The Treasury now sits on roughly $47.6 billion in unrealized gains,...
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