The rumors arising in recent days were true: after meeting with the CEO of Intel, Lip-Bu Tan, The United States government has been made with 9.9% of Intel’s actions. The news, confirmed by the company, points out that the Government «It will make an investment of 8,900 million dollars in Common Accioens of Intel, reflecting the confidence that the Administration has in Inl for the advance of key national priorities, as well as the critical role that the company plays in the expansion of the local semiconductor sector«.
The amount that the US government will invest already originates. Of the 8,900 million, 5.7 billion dollars will come from subsidies that will be paid to Intel according to the Chips and Science Law. Another 3.2 billion dollars will leave the Safe Enclave program, which has been associated with the manufacture of chips for the United States Department of Defense.
The company will continue to fulfill the promises made within the framework of the aforementioned program. In addition to these 8,900 million dollars, Intel has already received another 2.2 billion dollars in subsidies in the framework of the Chips Law.
According to Associated Press, Trump told the media that the agreement has emerged as a result of the time that has passed with Lip-Bu so at the meeting that both held a few days ago in the White House. Then, the Intel CEO came to personally explain its past investments in chips development companies in China, after Trump asked for his resignation for it.
According to so, «As the only semiconductor company that performs R&D and last -level manufacturing in the United States, Intel is deeply committed to ensuring that the most advanced technologies in the world leave the United States. President Trump’s approach in manufacturing in the United States is promoting historical investments in a vital and comprehensive sector for the country’s national and economic security«.
Therefore, The United States Government will be done with 433.3 million Common shares of Intelat a Price of $ 20.47 per title. It is a significantly lower amount than the shares in the market last Friday: $ 23.65. In addition, its value ended up being higher than the session: $ 24.80.
Even so, The US government will have no presence on the Board of Directors Intel, and has an agreement to vote with its members only in matters that require their approval, although with certain exceptions.
The agreement has been forged during the last week, after the previous Intel administration received the promise of having 10.9 billion dollars in subsidies to meet certain objectives, related in part to the advanced nodes and with the construction of new plants, such as the one planned in Ohio. But everything indicates that with this new agreement, these objectives have been eliminated.
