Intel (INTC) shares extended the rally on the fourth day Thursday, jumping 7.3% and closing at $24.13 per share. Legacy chip makers have risen by around 23% so far this year – compare with Nvidia’s only 0.7% profit to launch 2025 (just 0.7%)NVDA).
The stock rallies came amid speculation about increased US government support for the company and the possibility of cooperation with TSMC (TSM),, Taiwan-based chipmaking giant.
Investors say that Inter will become a key beneficiary of the Trump administration’s efforts to enhance America’s chip-making capabilities, as stated by Vice President JD Vance at the AI Summit at Jeffries, the AI Summit in Paris. I’m looking forward to it (jef) The analyst wrote in a memo.
“If the US government doesn’t have the ability to persuade TSMC to move its process R&D to the US (this has not been successful so far), the US government needs Intel to ensure US leadership in semiconductor manufacturing technology, and the US government needs Intel to ensure US leadership in semiconductor manufacturing technology. I’m thinking about it,” wrote a Jeffries analyst. This includes cooperation with the TSMC.
According to Baird, TSMC can send engineers to Intel’s 3-nanometer/2-nanometer manufacturing plant to ensure its survival rate. The fab will spin on a new joint venture run by TSMC to receive US Chips Act funding, the investment bank said in a memo.
