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In what constitutes a dramatic development, Intel shares are spiking this afternoon on reports of a significant investment by the US government.

To wit, as per the reporting by Bloomberg, the Trump administration is considering the purchase of a stake in Intel to aid the chipmaker's domestic manufacturing capacity expansion efforts, especially Intel's much-delayed fabrication hub in Ohio.

Intel has previously stated that it wants to make its Ohio fab the world's largest chip manufacturing facility. Of course, the discussions are still at an early stage and the sought after investment in Intel by the US government might not materialize.

The discus

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