The US government gets $ 8.9 billion in Intel

President Donald Trump says that the United States government gets a 10 percent stake in Intel Maker. Trump shared the news through A press conference on FridayAlthough the official announcement is still coming, Reuters Reports. News plan to convert the financing of the pre -promised chips from Intel to royal rights in the company It was reported for the first time Earlier in August.

meeting Between Intel CEO LIP-BU Tan and Trump after the President Tan’s call for resignation The source of the deal appears. “He walked in his desire to keep his job and ended up giving us $ 10 billion to the United States. So we picked up 10 billion,” Trump said at the press conference.

Intel later announced more details about investment. The company said In a press release The government “will invest $ 8.9 billion in Intel joint shares.” He adds that the shares of the shares will be funded by $ 5.7 billion previously to allocate it as part of the chips law, and $ 3.2 billion is granted as part of the safe pocket program. Intel has been received by $ 2.2 billion from chips, making the total government spending on the chips maker $ 11.1 billion. The government paid $ 20.47 per share, making full investment equivalent to a 9.9 percent stake in the company.

It is important to note that the government that invests in Intel is not the same as receiving free money, it’s exactly the opposite. Although Previous comments From US Minister of Commerce Howard Lottenic, who suggests that the share will be uncomfortable, normal shares come with voting rights. Intel notes that the investment will be negative, without the representation of the Board of Directors, and that the government has agreed to vote with its board of directors “regarding matters that require the approval of the shareholders, with limited exceptions.”

She was supposed to receive Intel Up to 10.86 billion dollars In federal financing to expand the work of chips in the United States as part of the chips law. By agreeing to this deal, Tan is likely to try to make sure that the financing is still going through, one of several radical movements to keep the Intel standing on his feet. Tan assume The title of the CEO After Gilger Sudden retirement in 2024. Since his assumption, he is already committed Intel workforce cut 20 percent. Even with the low costs and guaranteed investment, the company’s future is still not sure: Intel is And according to what was struggled To make the chips of the tiger from the next generation on a large scale.

Trump administration says that He will not look for similar stock deals With other beneficiaries of financing the chips law. This did not prevent them from making other unprecedented financial arrangements. Nvidia and AMD According to what was mentioned, a deal with the United States government, which gives companies the ability to export products to China for 15 percent of its profits.

Update, Aug 22, 6:20 pm East time: This story was updated after publishing with more information about the deal from Intel, and the title was changed to the international number, instead of the “10 percent” amount mentioned previously. A department quoted by US Trade Minister Howard Lootnick, saying that the class was also not designed to reflect the final details of the deal.