Intel Corp
INTC: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| hnw | LOCK|F>t | LOCK|Q?r?$fD |
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.
