Intel rises after VP Vance promises to protect American AI and chips

Shares of Intel Closed 6% on Tuesday after Vice President JD Vance said the United States will protect US artificial intelligence technologies from “theft and abuse” of opponents.

“Some authoritarian regimes have stolen and used AI to strengthen their military intelligence and surveillance, capture foreign data, and create propaganda to undermine other nations’ national security,” Vance said at a main address at the Paris AI summit. “This administration will block such effort, full stop.”

While the Vice President did not directly refer to the emergence of China’s Deepseek, the Vance emphasized the importance of working with allies to “close ways to opponents who achieved AI capacities that threaten all our people.”

The United States and Britain both refused to sign an international statement at AI at the summit. The agreement obliges each country of signing to “ensure that AI is open, inclusive, transparent, ethical, secure, safe, and reliable, taking into account the international framework for everyone.” The United States refused to give a clear reason not to participate.

Intel, who used to be the world’s leading semiconductor company before losing market share in recent years to several competitors, has a desperate need for a boost. The stock lost 60% of its value last year while rivals Nvidia and Broadcom Total about increasing demand for their AI processors.

Last month, Intel reported a third equal quarter of falling revenue and issued a disappointing forecast. It was the chipmaker’s first earnings report since announcing Pat Gelsinger’s departure as CEO. Gelsinger had a difficult four -year period, not only giving up the market share, but also committed to producing expensive plants.

Intel has won billions of dollars in state aid to build factories in an attempt to bring semiconductor production to the United States

Intel appointed two temporary Co-CEOS, Finance Manager David Zinsner and Intel Products CEO Michelle Johnston Holthaus, to follow Gelsinger.

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