Intel Shares Rally Amid Chip Stock Slump

Tanjiro.Kamado

Active member
Shares of Intel (NASDAQ: As for the competition, INT relation enhanced stocks’ performance: 500 (NASDAQ: INTC) jumped as high as 8. 2% today, and gave a 2 as finalization of the settlement. 4% gain by 12:40 p. m. ET, in contrast to the broader semiconductor sector, which saw declines, with the VanEck Semiconductor ETF (NASDAQ: Here was a fairly sharp reduction of around 5% In this case, The SMH is represented. This discrepancy is attributed to comments by former President Donald Trump, questioning whether the U. S. would defend Taiwan against a Chinese invasion, impacting chipmakers like Taiwan Semiconductor Manufacturing (NYSE: It also affected TSM to a certain extend). Trump’s comment shows Intel’s global supply chain connection to China and their reliance of ASML’s machinery but still Intel is trekking the path to be a leading onshore chipmaking alternative under its present CEO Pat Gelsinger, where Intel wants to create a foundry ecosystem to challenge TSMC.
 
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