Trump says Intel agreed to give the government 10% of the chipmaker. ‘We do a lot of deals like that. I’ll do more of them’
President Donald Trump said on Friday that the American chip maker had agreed to give the US government a 10 % stake, which is worth about 10 billion dollars.
“They had some bad management over the years and lost. I said,” I think you should pay us 10 % of your company, “and they said,” Yes. “This is about $ 10 billion.
Intel was previously allocated about $ 11 billion of grants to build manufacturing in the United States under the law of Chips and Science approved by congress during the Biden administration.
According to the new agreement with Trump, the government will take property rights for the grant funds allocated to Intel through the Chips Law, New York Times I mentioned. The government will not participate in the company’s governance or demand the seat of the board of directors, Times I mentioned.
Intel 5.5 % shares jumped.
Intel spokesman refused to comment on luck. The White House did not respond immediately luckRequest to comment.
Trade Minister Howard Lootnick has already made plans for the US government to receive property rights in exchange for the Intel Critic Law.
“We must get a share share for our money, so we will provide the money that was already committed under the Biden administration,” Lootnick told CNBC earlier this week.
Trump claimed that the agreement came after a conversation with the CEO of Intel, who previously called for resignation at a post on his website Tust Social.
Trump said on Friday that he called for Tan’s prolongation due to a speech by Senator Tom Couton (R-“sent to Intel president, expressing his concern about Tan’s relationships with Chinese companies. After Trump’s publication, Tan traveled to Washington to attend a meeting with Trump last week.
“He walked in his desire to keep his job and ended up giving us $ 10 billion to the American people,” Trump said on Friday.
The Intel Agreement comes as the Trump administration has shown a recent preparation for a more interfering role with American companies. As a condition for integration between Nippon Steel and US Steel, the administration called for the nomination of a member of the Board of Directors to the joint entity and securing a “golden share”, which gives it the power of the veto on the company’s decisions.
The United States has recently reached a revenue sharing agreement with Chipmakers Nvidia and AMD, giving the government 15 % of sales created through artificial intelligence chips sales in China as part of its conditions to grant export licenses to companies. Treasury Secretary, Scott Paystint, said last week that similar agreements can be expanded to other industries.
Some Republicans, including Senator Rand Paul (R-Ky,), criticized Trump’s plan for the American government to take a stake in Intel.
“If socialism has the government, it cannot be the government that has part of Intel a step towards socialism? A terrible idea,” Paul wrote on Wednesday in a post on X.
However, Trump was not tightened due to criticism, and on Friday indicated that the government will continue to intervene as long as the agreements do not harm the American army or security.
He said: “We do a lot of such deals. I will do more.”
2025-08-22 20:49:00
