Intel's underlying problems won't be solved by the U.S. government purchasing an equity stake in the struggling chipmaker, Bernstein warned clients in a note published Friday. The Trump administration is in talks with Intel to buy a stake in the company to help fund a delayed manufacturing hub in Ohio, people familiar with the plan told Bloomberg News . It is the latest example of President Donald Trump's interest in building government-backed national champions in strategic industries, in a stark departure from the free-market orthodoxy of previous administrations. Investors welcomed the prospect of government intervention with Intel's stock gaining about 7% on Thursday in response to the Bloomberg report. Bernstein is "still not hugely tempted to get involved," analysts led by Stacy Rasg

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