Open the newsletter to watch the White House for free
Your guide to what the second period of Trump means to Washington, business and the world
The United States will take a 10 percent stake in Intel, which is fighting it in the field of chip maker, as it seeks to enhance the American semiconductor industry, in the latest intervention of companies by the Donald Trump administration.
Intel Late on Friday, the United States government said that the stock investment of $ 8.9 billion, with funding from federal grants agreed last year under the 2022 chips Law, which has not yet been allocated. The Washington agreement will deliver a share of approximately 9.9 percent in the group.
“This is a big thing for America, as well, which is a big thing for Intel. Building semiconductors and leading chips, which INTEL is doing, is essential for the future of our nation,” Trump said on the social truth platform on Friday.
The president said he negotiated the agreement with the Entel executive lips.
This announcement is Trump’s recent step towards a more interfering approach towards American companies, which is approximately the capital of the European state in the 1960s of the Orthodox in the free market.
Intel said the government will buy shares for $ 20.47 each, less than the closing price on Friday, but about the level they were traded in early August.
Government ownership will be negative, with no representation of the Board of Directors or other governance rights, and an agreement to vote with the board of directors on issues that require the approval of the shareholders.
Intel shares jumped more than 5 percent on Friday, after Trump initially announced the deal at a press conference of the Oval Office.
Intel’s press release included a set of supportive data from executives including Microsoft’s Satya Nadella, Dell’s Michael Dell, HP’s Enrique Lores and Aws’s Matt Garman. Both Microsoft and Amazon had previously adhered to the INTEL manufacturing projects.
Trump He said that he called for the removal of Tan after Senator Tom Cotton raised concerns about the investments of the former CEO of Intel in Chinese startups.
The president said that he ran his views after an urgent meeting with the executive authority last week.
He said: “I loved (Tan) a lot, I thought he was very good, and I thought he was somewhat victim, but you know, no one is a complete victim of what I think.”
“We are doing a lot of such deals: I will do more,” Trump added.
Intel follow the arrangements you made Nafidia And AMD, which was allowed to sell the most advanced artificial intelligence treatments in China, provided that they direct part of the resulting revenues to Washington.
Separately, earlier this year, the White House also claimed a golden share called in the United States as a pre -conditioning condition to be cleared by Nippon Steel in Japan, and hand over the federal government authority to strategic companies’ decisions.
It is unlikely to be unlikely to be a foreign conductor manufacturing company such as the semiconductor manufacturer in Taiwan and Samsung, which has also been approved by billions of dollars in federal grants, accepting to re -negotiate its shares deals.
6.6 billion dollars of TSMC is equivalent to granting federal manufacturing a small share of 1TN market value. The company has completed one advanced slices manufacturing facility in Arizona, with two others.
In March, it announced plans for another three FBI as part of an additional investment plan worth $ 100 billion with the administration. It produces chips for Apple and NVIDIA in the United States.
On the contrary, I struggled with external customers insurance for its own manufacturing operations, and inspecting its work in the chips industry billions of dollars. An operational loss of $ 13 billion in 2024 was published.
The allocation of its grants under the chips law depends on the company that reaches the building features.
Tan’s latest announcement that INTEL was slowing construction plans, including in Ohio, raised questions about whether it would eventually receive every $ 10.9 billion in financing under the original agreement with the Joe Biden administration, which was completed in December.
“This is the most existential investment in which the United States government has ever thought,” said Daniel Newman, CEO of Futurum Group. Regarding American companies, “No one but Intel can build advanced chips.”
https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F416f6a1f-0785-44de-9411-d37a19091070.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1
Source link