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Intel
stock climbed 7% Friday after CEO Lip-Bu Tan met with President Donald Trump, continuing a rally that has seen the stock more than double since the U.S. took a stake in the chipmaker in August.
“The United States Government is proud to be a Shareholder of Intel,” Trump said in a Truth Social post Thursday following the meeting.
Trump lauded Tan as “very successful” and touted the launch of Intel’s recent chip that was “designed, built, and packaged right here in the U.S.A.”
