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With Intel's SoftBank Deal Fueling Competition Fears, AMD Stock Slides Despite Bullish AI Outlook

Shares of AMD are continuing their slide Wednesday morning. Chip stocks fell Tuesday after SoftBank announced a $2 billion investment in rival Intel.
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White House confirms talks to acquire 10% stake in Intel — 'We should get an equity stake for our money'

The U.S. wants to get 10% of Intel in exchange for the billions of dollars it’s giving it under the CHIPS Act.

SoftBank + Uncle Sam? What Intel's Twin Boosts Could Mean For Semiconductor ETFs

Intel fell almost 8% as investors awaited the government's decision on the stake purchase and processed the possible consequences.

Lutnick says Intel has to give government equity in return for CHIPS Act funds

The potential deal would convert the CHIPS ACT grants into equity, but wouldn't come with governance rights in Intel, Lutnick said.
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