Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Monday, September 23rd. I'm Julie Morgan. Apollo Global has reportedly offered to invest in

Intel. The Biden administration is set to impose another ban on Chinese

technology and two major companies are discussing

building factories in the UAE. Apollo Global Management has offered to

invest billions of dollars into troubled chipmaker Intel.

According to the report Sunday by Bloomberg, one person reportedly said the investment would

be worth up to $5 billion. The people were quoted as saying Intel is considering the proposal.

According to Bloomberg, Apollo and Intel declined to comment. The possible deal comes

as Qualcomm reportedly approached Intel recently about taking over the company.

The interest in Intel comes amid its ongoing financial struggles and efforts to streamline operations, which may involve divesting certain business units.

Intel shares have fallen 54.3% this year through Friday.

Pre-market Intel is up 3.5%. The Biden administration is

expected to propose a ban on Chinese hardware and software in connected and autonomous vehicles in the U.S. over national security concerns.

According to Reuters, two persons were quoted as saying the proposed ban would bar vehicles from China with essential communications or

automated driving system software or hardware.

The possible move comes shortly after the White House said it would slap a 100% tariff on imported Chinese electric vehicles,

effective on Friday.

Imports of steel, aluminum, EV batteries and essential minerals are facing a 25% duty.

If implemented, the software ban would be effective in the 2027 model year

and the one on hardware in January 2029 or model year 2030,

according to Reuters.

...