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Intel’s woes wipe out $1 trillion of semiconductor market cap in one day — PC market bloodbath leaves few chip stocks unscathed: $1 trillion in semiconductor market capitalization wiped out. (www.tomshardware.com)
submitted 4 hours ago by to c/technology@lemmy.world
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[–] 16 points 2 hours ago (2 children)

Huh.

in August, [the US government spent] $8.9 billion for a nearly 10% share of Intel, converted out of CHIPS Act grant money. Today, the federal government is Intel’s largest single shareholder.

Wonder what that 8.9 billion is worth now...

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  • [–] 12 points 2 hours ago* (1 child)

    I've read somewhere that it is still a more than 200% grow in value, even considering the last dive. Will post the source if I find it again...
    EDIT : Here "Even accounting for Friday’s expected drop, the value of the government’s stake in Intel has grown by 280%."

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