Trump administration taking 10 per cent in Intel worth about $10 billion? Intel share price drops big

The Trump administration is said to discuss taking a 10 per cent stake in American chipmaker Intel, Bloomberg News reported on Monday, citing a White House official and other people familiar with the matter. Shares of Intel fell 3.8 per cent on Monday, after rallying last week on hopes of U.S. federal support. A 10 per cent stake in the American chipmaker would be worth about $10 billion. So far, Intel and the White House are yet to confirm these reports.