Intel stock surged 5.4% due to positive market trend and restructuring efforts

From Yahoo Finance: 2025-04-23 12:43:00

Intel stock surged 5.4% on Wednesday amid a positive market trend. Trump’s interest in lowering tariffs on China and Intel’s plan to lay off 20% of its workforce drove the rally. The company is undergoing a major restructuring under new CEO Lip-Bu Tan, exploring deals with chip giants like Taiwan Semiconductor Manufacturing.

Recent comments from Trump and Treasury Secretary Bessent hint at a potential trade deal with China that could significantly lower tariffs. Bloomberg reports Intel will cut its employee count by 20% to reduce expenses. New layoffs may target middle management after a previous workforce reduction last year.

Intel’s restructuring includes selling a stake in its Altera programmable chips business and exploring foundry business deals with chip giants. The company’s stock performance hinges on its foundry strategy this year. The Motley Fool’s Stock Advisor team recommends 10 stocks to buy now, excluding Intel, for potential high returns.

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Read more: Why Intel Stock Is Jumping Today