The Trump administration deal was organized to prevent Intel from selling the Foundry Unit

The Trump administration appears to be determined to control the ability of Intel to make major trade decisions on the bankruptcy unit.

David Zinsner shared with Intel David Zinsner new details about the company’s last deal with the Trump administration, which gave The United States government is 10 % of the sharesAt Deutsche Bank on Thursday, according to Reporting from the Times Financial.

The deal was organized in a way to punish Intel if it revolves around the Foundry business unit, which makes chips for external customers during the next few years.

Last week’s deal included a five -year memorandum that would allow the United States government to take an additional 5 % of Intel, at a price of $ 20 per share, if the company carries less than 51 % of shares in its sacred business. Zinsner said it is expected to end the validity of this.

“I think that from the government’s point of view, they were agreed with that, they did not want to see us to take and sell it to a person,” Zinner said.

Zinsner added that company He received 5.7 billion dollars in cash On Wednesday, as a result of a deal last week, according to Reuters. (This cash comes from the remaining grants that were previously granted, but not yet paid, to Intel under the United States Law of Chips and Science.)

White House press secretary Caroline Levitte told reporters today that the deal is still being settled.

Intel refused to comment on a deal beyond Zinsner’s statements.

This structure of the deal is clearly a testament to the Trump administration’s desire to bring more chips to the United States, where many players in the industry resort to the Taic semiconductor manufacturing company (TSMC) instead.

But this also compels Intel to keep a business unit. Intel Foundry mentioned Operating income loss of $ 3.1 billion During the second quarter, the source of the conflict was for semiconductors.

There were calls from analysts and members of the Board of Directors. And investors alike to bypass the troublesome unit, which looked like It may actually happen in the past fallBefore the architect Intel Foundry, former CEO Pat Geelsiner, accepted. Suddenly retired in December.