Intel Jumps on US Gov’t Stake Buzz — TRUMP Poised for Explosive Move?
Intel Corporation (INTC) shares leapt more than 7% on Thursday after reports that the Trump administration is weighing taking a direct stake in the chipmaker to accelerate its delayed Ohio manufacturing complex.
Intel shares chart (Source: Google Finance)
The plan, which could be part of the Trump administration’s broader strategy to reshore semiconductor production, would support Intel’s $20 billion investment in two new chip plants — a project that could expand to $100 billion over time.
Initially scheduled to begin production in 2025, the Ohio facilities have faced repeated delays, now pushed into the 2030s under current CEO Lip-Bu Tan. The delays come as Intel struggles to turn its foundry business into a viable competitor to TSMC, with most of its current output serving internal demand rather than external clients. Competitors Nvidia and AMD continue to dominate the AI chip market, leaving Intel with ground to make up.
Despite early criticism from President Trump over Tan’s prior investments in Chinese tech firms, a meeting earlier this week appears to have shifted the tone.
The reported move follows the White House’s announcement earlier this week that the US will take a 15% cut of certain Nvidia and AMD chip sales to China — an unconventional arrangement underscoring Washington’s heightened involvement in the semiconductor supply chain.
TRUMP Price Holds Near Critical Resistance
While Intel’s rally grabbed headlines in equities, crypto traders are watching TRUMP as it consolidates just below a pivotal $9.92 resistance level.
Technical indicators remain neutral to slightly bullish, with short-term momentum flattening but showing reduced downside pressure. The RSI’s mid-range positioning suggests the market still has room for a decisive move.
Daily chart for TRUMP/USD (Source: GeckoTerminal)
Order book analysis shows that breaking above $9.92 could open the door to $10.97 and $11.21, though a heavy ask wall at $11.88 represents a major test. Clearing it could trigger a rally of nearly 29%.
On the downside, support at $8.73, $8.61, and $8.51 is reinforced by a significant bid wall at $8.50 — but losing that could spark an 8% drop. Deeper liquidity sits at $7.50 and $6.00, where breaks could lead to 19% and 35% declines respectively.
For traders, the setup offers both long and short opportunities: bulls may enter on a confirmed breakout above $9.92, while bears could watch for weakness below $8.73. With order book walls and technical patterns aligning, the next move could be sharp once momentum builds.
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