Trump trumpets deal giving US a 10% stake in downtrodden Intel
WASHINGTON – President Donald Trump announced on Friday that the US government has provided the US government’s 10% stake of Intel, a pioneer of the Silicon Valley, who struggled with an agreement that was completed just a few weeks after depicting the company’s CEO as an inappropriate conflict leader.
“The United States has and controls 10% of Intel, a great American company with an incredible future.” He wrote a post.
The US government is receiving a share of $ 11.1 billion transformation in the previously exported funds and commitments. All of the government, the government’s $ 20.47 price of the votes that do not vote 433.3 million stakes said-A discount from $ 24.80 from the closing price of the day. This expansion means that the US government already has a $ 1.9 billion gain on paper.
The remarkable return of the events makes the US government one of the largest shareholders of Intel at a time when the US government is in the process of shaking more than 20,000 workers as part of the attempt to return from the wrong steps taken under various CEOs under various CEOs.
Intel’s current CEO Lip-Bu Tan has been a little longer than just five months, at the beginning of this month and at the beginning of a D, some MPs appeared on a shaky ground after expressing national security concerns about their past investments in Chinese companies, while some MPs were an initiative capitalist. Trump is a concern 7 August shipment That tanning is to demand resignation.
However, after Tan expressed his devotion to the United States, Tanp withdrawn with Tan where Malaysia was born In a public letter Intel went to the White House to meet with its employees and the president, and after the US government lost more than 22 billion dollars since the end of 2023, it caused an agreement that the company was on the way back. Trump greeted Tan as a “respectable” CEO in Friday.
In a statement, Tan applauded Trump for ör directing historical investments in a vital industry ve and decided to reward his belief in Intel. Tan said, uz We are grateful for the confidence of the president and the administration to Intel, and we are looking forward to working for advanced US technology and producing leadership. ”
Intel’s current stock price reached the time when TAN was hired in March and was more than 60% less than 60% of its summit, 25 years ago, before the chips dominated the personal computer explosion before switching to smartphones a few years later. The market value of the company is currently about 108 billion dollars – a part of the current chip King Nvidia 4.3 trillion dollars.
Betting comes to Intel through government grants as a way to promote more domestic computer chips production to reduce dependence on overseas factories.
However, the Trump administration, which regularly imprisones the policies of the Biden administration, saw the chips law as an unnecessary gift and hopes to make profits from the financing promised to Intel.
US Trade Secretary Howard Lutnick said at the beginning of this week, “We think that America should take advantage of the bargaining.” It is clear that this is the right movement. ”
Within the scope of the incentive program, Intel was promised about 7.8 billion dollars, but so far only $ 2.2 billion has been financed. The $ 3.2 billion government investment comes from the funds of another program called “Secure Enclave ..
Although the US government cannot vote with their shares and is not included in the board of Intel, the critics of the agreement see it as a disturbing cross pollination between public and private sectors that can harm the technology industry in various ways.
For example, more technology companies can be forced to potentially potentially purchase chips from Intel to Curry at a time when they carry out a trade war that threatens to influence their products in a potential scenario quoted by Scott Lincome, Vice President of the CATO Institute.
“In general, a terrible movement that will have real damages for US companies, US technology leadership and the US economy,” LINCICOME sent Friday.
10 % shares can also concentrate the pressure that faces Tan, especially Trump begins to fix Intel’s stock price and resort to passion to celebrate his past achievements at work.
Money Manager Laffer Tengler Nancy Tengler, CEO of Investments, is among the investors who left Intel many years ago because of all the difficulties in Intel.
Orum I don’t see the benefit of the American taxpayer, nor do I not necessarily see the benefit of the chip industry, Ten Tengler said, increasing concerns about Trump’s confusion in Intel’s work.
“I don’t care how good you’re the businessman, give it to the private sector and let people like me to be critics and the government does not allow the government to reach its business.” He said.
Although it is rare, his wife was an important shareholder in a leading company in a leading company. One of the most remarkable examples, the government, at a time on the verge of bankruptcy of approximately 60% of the car manufacturer in the General Motors injected about 50 billion dollars injected during the great stagnation in 2008 occurred. The government resulted in a loss of about $ 10 billion after selling the stock at GM.
The US government’s share in Intel coincides with the difficulty of bringing production to the United States, the focus of Trump’s worldwide trade war. The President believes that the country will be better positioned to maintain the technological leadership over China in the race to create artificial intelligence by reducing the country’s dependence on chips produced abroad.
Even before winning Intel’s 10% shares, Trump benefited from the power of reproaching the operations of large computer chip companies. The management requires NVIDIA and advanced micro -devices, which are two companies that strengthen AI frenzy, to pay 15% commission for receipts sales in China for export licenses.
Liedtke, San Ramon, reported from California.
This article was created from an automatic news agency feeding without changing the text.
