If the US ends up owning part of Intel, “Trump kind of becomes your salesman,” said Dan Morgan, a senior portfolio manager at Synovus Trust who has covered the company since the 1990s.
A US government plan to take a stake in Intel Corp would give the ailing chipmaker a powerful backer, even if a bigger challenge still lies ahead: finding enough paying customers.
Wall Street analysts don’t expect the money alone to turn around Intel’s business, which has suffered from years of declining sales and the loss of market share. But there is a possibility that pressure from President Donald Trump will help the chipmaker line up more clients for its production arm — potentially justifying the cost of expanding domestic manufacturing.
