US Stock Market Move | Intel Corporation (INTC.US) rose nearly 8% on news that the US government is pushing for it to form a joint venture with Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR.

On Thursday, Intel Corporation (INTC.US) rose nearly 8%, reaching $24.27. In terms of news, the company's latest processor, the cool Core Ultra9275HX, topped the performance ranking. In addition, Baird analyst Tristan Gerra stated that there are rumors in the securities industry that the U.S. government is pushing for Intel Corporation to collaborate with Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR to establish a joint venture in the U.S. to own and develop multiple chip manufacturing projects.