The large Intel investment in the Trump administration comes from the scholarships already granted

Intel officially An agreement announced With the administration of President Donald Trump on Friday afternoon, after Trump’s statement The government will take a 10 % stake In the troubled chips maker.

While Intel says the government is “investing $ 8.9 billion in Intel joint shares”, the administration does not seem to be committing new money. Instead, it simply states what Intel described as “gave in advance, but has not yet been paid, to Intel.”

Specifically, 8.9 billion dollars are supposed to come from $ 5.7 billion Grant-but not to Intel Under the Biden Administration Law, in addition to $ 3.2 billion as well Granted by the Biden Administration Through a safe jeep program.

in Published on his social network, social truthTrump wrote, “The United States has not paid anything for these shares.” However, this was described as “a lot for America, and also, a great deal of Intel.”

Trump was criticizing the chips law, She described it as “a terrible and terrible thing” The Speaker of Parliament, Mike Johnson, invited him to “get rid” of him. in Organizational In June, Intel said that although it had already received $ 2.2 billion in the financing of the chips law, she later requested an additional amount of $ 850 million in the payment that the government has not yet paid.

According to the New York TimesSome bankers and lawyers believe that the chips law may not allow the government to transfer it to property rights, and to open this deal to possible legal challenges.

In addition to his law of chip chips law, Trump accused earlier this month also Intel CEO of Lip-BU Tan of conflicts of interests and He said he should “resign immediately.” The president was more positive about Tan on Friday, saying the social truth that he “negotiated this deal with the lips, the very esteemed CEO of the company.”

For his part, Tan said in a statement that the company is “grateful for the confidence that the president and the administration put in Intel, and we look forward to working on the progress of American technology and the leadership of manufacturing.”

The Intel Declaration also says that the government’s investment will be “negative”, without the seats of the Board of Directors or other governance and information rights.