Intel Corp

INTC: XNAS (USA)
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Intel: Maintaining $21 Fair Value Estimate as Intel Foundry Receives Outside Support

Intel announced that SoftBank Group will buy $2 billion of Intel shares at $23 per share as SoftBank invests in US chip manufacturing. Separately, the US government appears to be closer to a deal to use Chips and Science Act funds to acquire a 10% stake in Intel. Shares rose 7% on the news.

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