Intel files warning from the risk of government stock share Trump

Chotting maker Intel He said that the Trump administration’s move to take a share in the company can risk its business risks in an organizational file.

president Donald Trump It was announced last week that the federal government will obtain a share of about 9.9 % of property rights in the faltering chips maker in exchange for previously committed grants under the Chips Law.

Intel presented an organizational file with the Securities and Stock Exchange Committee (SEC) on Monday, which made it clear the risk factors that result from the share of the government’s shares in the company.

Intel explained that its non -American actions can be affected by the US government to become an important pregnant woman, because the company may be subject to additional regulations or restrictions such as foreign support laws in other countries.

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Intel sales outside the United States constituted 76 % of Intel revenues last year, while China’s revenues account for 29 % of total revenues.

The company said there is no certainty about whether other government entities will try to convert the current grants into Stock investmentsOr you may be unwilling to support future grants.

It also noted “the timing of completing transactions and receiving financing, and the ability to meet the conditions for financing, is still not sure.”

Intel explained that the funds are not required to deliver it at the time of closing and there can be no guarantee that the company will receive the money on the schedule or the specified amounts.

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In addition, the “stock share in the federal government” can “limit the possible future transactions that may be beneficial to the shareholders”, because the federal government will obtain voting authorities that reduce the impact of voting for other shareholders when it comes to appointing members of the Board of Directors or looking at other proposals.

The deal also reduces the impact of voting on current shareholders, and Intel indicated that “they may suffer from a large additional reduction if the conditions of the arrest order are operated and the note is practiced.”

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President Trump defended this step in a publication on Monday on the social truth platform, amid criticism of the federal government that holds a stake in Intel.

“I paid a zero for Intel, and it is worth about $ 11 billion,” the president Donald Trump He wrote on the social truth platform. “Everything goes to the United States of America. Why are” stupid “are not satisfied with that? I will make deals like this to our country throughout the day. I will also help those companies that cross such profitable deals with the United States. I would like to see their share price rise, make the United States richer, and more jobs for America !!!

Trump previously invited the CEO of Intel Lips-this Tan To be removed from his role in the chips maker due to the alleged relations with companies in China, but it retracted those calls after a meeting with Tan this summer.

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Tan said in a video posted on Monday before Trade Management The company did not need government financing.

“You do not need the grant,” Tan said. “But I am really looking forward to the US government to be my shareholder.”

Reuters contributed to this report.