CHANGE: Intel shares rise after Third Point urges chipmaker to explore strategic alternatives as market share deteriorates. “Without immediate change at Intel, we fear that America’s access to leading-edge semiconductor supply will erode, forcing the U.S. to rely more heavily on geopolitically unstable East Asia to power everything from PCs to data centers to critical infrastructure and more.”

It’s been sad watching Intel lose its fabrication mojo, but Trump was ahead of most on this one, which is why he got Taiwan Semi to start building a plant in Arizona.