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Intel's intraday surged over 10%, surpassing a $600 billion market cap

Intel's intraday surged over 10%, surpassing a $600 billion market cap

BlockBeatsBlockBeats2026/05/20 14:14

BlockBeats News, May 20th, according to Bitget market data, Intel (INTC.O) surged over 10% intraday, with the stock price reaching $121.9, and the market value surpassing $600 billion.


Recently, Trump expressed regret that the stake was too small when the U.S. government previously invested in Intel. In August last year, the Trump administration announced the transformation of approximately $8.9 billion in subsidies from the "Chip Act" into equity (purchasing about 433 million shares at $20.47 per share), obtaining a 9.9% stake in Intel. Just 8 months later, the value of this shareholding has soared to over $500 billion, with an unrealized gain of over $41 billion. Behind this windfall is the result of the U.S. government actively boosting performance.

Apple has reached a preliminary agreement with Intel for the latter to manufacture chips on its behalf, breaking Taiwan Semiconductor's long-term monopoly. As a significant shareholder of Intel, U.S. Commerce Secretary Howard Lutnick has met with Cook multiple times over the past year, vigorously persuading Apple to divert orders to Intel. Due to the soaring demand for AI chips from giants like NVIDIA severely squeezing Taiwan Semiconductor's production capacity, Apple, plagued by chip shortages, eventually capitulated.

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