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Intel CDR (CAD Hedged)
Symbol INTC
Shares Issued 3,950,000
Close 2025-08-29 C$ 14.02
Market Cap C$ 55,379,000
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FP/WSJ say Intel is Trump's third target thus far

2025-09-02 07:23 ET - In the News

The Financial Post reports in its Tuesday, Sept. 2, edition that the list of President Donald Trump's departures from the Reagan-era free-market catechism is growing. A Wall Street Journal dispatch to the Post reports that Intel, which converted a previous government grant into an equity interest, is the third company that the government has invested in on Mr. Trump's watch -- something that would have been anathema to Ronald Reagan, said Kabaservice, author of Rule and Ruin, a history of the modern Republican party. In July, the U.S. Defense Department became the largest shareholder in MP Materials. Previously, Mr. Trump acquired a "golden share" in U.S. Steel, giving him control over key decisions. The WSJ suggests that Mr. Trump's buying spree may continue. Government ownership of private companies has been rare in the United States, occurring only during wartime or financial crisis. Blurring the line between business and government could be bad for both, critics say. As an owner, the government will be reluctant to let companies fail, which would represent an embarrassing political setback. So government officials may be inclined to take action to keep an otherwise doomed company alive.

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