Intel You will not have to meet part of the conditions initially set under the ACT chips, the program of aid for companies that establish new facilities dedicated to the manufacture of semiconductors in US territory, after the United States government decided to take an shareholding participation in the company.
Details the information published by Reuters that Intel communicated in an official registry that now You can receive public financing as long as you prove to have already invested 7.9 billion dollars In the projects agreed with the Commerce Department last year., And the figure stays at a step of the 7,870 million that the company claims to have spent to date.
In addition to this flexibility, Intel will no longer have to share a percentage of the accumulated cash flow of its projects with the Commerce Department, or adhere to several of the labor policy requirements and other restrictions contemplated in the law. Only the prohibition of using these funds for the distribution of dividends or the repurchase of shares is maintained.
The measure arrives after a significant turn in the relationship between the Government and the Company, at the rate of the US administration’s decision to take a 10% participation in Intel, instead of continuing with the initial agreement of the ACT chips. According to Donald Trump, the came the movement accompanied by an injection of 8,900 million dollars in Ordinary Intel sharesa figure that is distributed among the 5.7 billion that were already compromised under the ACT chips and another 3.2 billion framed in the Secure Enclave program.
Intel’s CEO, David Zinser, recently confirmed that the company has already received 5,700 million dollars in cash. To this we must add 2.2 billion in previous subsidies, which raises government participation in the company to a total of 11,100 million dollars.
The decision is a change of course in the application of the ACT chips, conceived to encourage the manufacture of semiconductors in the United States under strict conditions of compliance. In the case of Intel, The shareholding link with the government itself makes those conditions more flexiblea movement that reopens the debate on how far the public intervention should go in strategic companies to guarantee both competitiveness and technological sovereignty.
The short -term positive implications of this agreement are added, however, critical voices that warn of considerable risks for Intel. As other recent analysis collects, the entry of the US government in the shareholders has surprised its own and strangers and generates doubts about their repercussions for the company and the whole of the semiconductor industry.
Intel’s CEO himself, Lip-Bu Tan, publicly recognized that The operation could endanger international sales of the companyespecially in strategic markets such as China, which last year represented almost a third of its income. Intel also alerted the SC over possible adverse reactions of investors, employees, clients, foreign governments and competitors, stressing that government entry was not a consensual decision, but imposed by the Trump administration.
Thus, the company faces the delicate balance of ensuring key investments to maintain its competitiveness in the US. Without compromising its position in global markets. Analysts and internal sources agree that the government’s entry into its capital could become more a problem than a solution, increasing political pressure and public scrutiny at a critical moment for the industry. But there are also advantages.
