The US government is taking an $8.9 billion stake in Intel

President Donald Trump says that the United States government gets a 10 percent stake in Intel Maker. Trump shared the news during a press conference on Friday, although the official announcement is still coming, Reuters Reports. News plan was reported to transfer the INTel law of the Promised Intel Law to the company for the first time in August.

It seems that a meeting between the lip lipstick, CEO of Intel and Trump after inviting the President to Tan to resign is the source of the deal. “He walked in his desire to keep his job and ended up giving us $ 10 billion to the United States. So we picked up 10 billion,” Trump said at the press conference.

Intel later announced more details about investment. The company said in a press statement that the government “will invest $ 8.9 billion in Intel joint shares.” He adds that the shares of the shares will be funded by $ 5.7 billion previously for Intel as part of the chips law, and $ 3.2 billion is granted as part of the safe pocket program. Intel has been received by $ 2.2 billion from chips, which raised the total government spending on the chips maker to $ 11.1 billion. The government paid $ 20.47 per share, so the investment of $ 8.9 billion is equivalent to 9.9 percent in the company.

It is important to note that the government that invests in Intel is not the same as receiving free money, it’s exactly the opposite. Despite the previous comments from US Minister of Trade Howard Lottenic, indicating that the share will not be designed, regular shares come with voting rights. Intel notes that the investment will be negative, without the representation of the Board of Directors, and that the government has agreed to vote with its board of directors “regarding matters that require the approval of the shareholders, with limited exceptions.”

Intel was supposed to receive up to 10.86 billion dollars in federal funding to expand chips in the United States as part of the chips law. By agreeing to this deal, Tan is likely to try to make sure that the financing is still going through, one of several radical movements to keep the Intel standing on his feet. Tan was the title of CEO after the sudden retirement of Gilgeger in 2024. Since his assumption, he has already been committed to cutting the workforce in Intel by 20 percent. Even as guaranteed costs and investment is still uninterrupted: according to the struggle of Intel to make Panther Lake chips widely of the next generation.

The Trump administration says it will not seek to obtain similar shares deals with other beneficiaries of financing the chips law. This did not prevent them from making other unprecedented financial arrangements. According to NVIDIA and AMD, a deal with the US government that gives companies the ability to export products to China for 15 percent of their profits.

Update, Aug 22, 6:20 pm East time: This story was updated after publishing with more information about the deal from Intel, and the title was changed to the international number, instead of the “10 percent” amount mentioned previously. A department quoted by US Trade Minister Howard Lootnick, saying that the class was also not designed to reflect the final details of the deal.