US pursuing stake in struggling chipmaker Intel, commerce secretary says | Trump administration
The US Trade Secretary said on Tuesday that the US government is in pursuit of a share in Intel and confirmed the reports of discussions between the authorities and the company circulating along a better part of a week.
According to Howard Lutnick, the Trump administration wants to transform the research and production of semiconductor chips in the United States into financing from the Cips and Science Law, which finances the equality in the fighter technology company.
Intel was once the leader in the production of computer processors, but now last month is seen as a Laggard, such as Nvidia, which has become the first public company that scares a 4 million dollar valuation after a stratospheric stock market rise.
Lutnick criticized the structure of the Cips Law, which signed the law under the direction of Joe Biden in 2022.
“Why are we giving a company worth 100 billion dollars? What is for the American taxpayer? Donald Trump should take a shares for our money,” he said. “Therefore, we will deliver the money already committed under the biden administration, we will get equality in return.”
Intel shares were collected in New York at a rate of 7.5%.
According to Lutnick, the transformation of financing will not give management rights specific to a company’s largest shareholder. “This is not our governance, but only the grant under the biden is a self.
Lutnick said that the purpose of Özkaynak shares would be the same as the chips law, and he clearly said: ız We should do our own chips here. We cannot trust Taiwan. ”
Most of the semiconductors in the world come from the Taiwan semiconductor production company (TSMC) in the city of Hsingu. TSMC also received the CIPS law financing to build semiconductor production facilities that started with construction in Arizona in the USA.
After the bulletin promotion
US Treasury Secretary Scott Bessent said on Tuesday that a potential share will not force US businesses to buy Intel Chips to buy Intel Chips.
“The last thing we’re going to do is to get a share and then try to start a business,” CNBC said. “Betting will be a transformation of grants and perhaps increase the investment in Intel to help the company stabilize the company for chip production.
The possibility of the US investment in Intel has revived the investor’s interest in the company, which has decreased half in the last five years. Stocks increased last week after the first reports of the debate with the US government, and Japanese Holding Softbank announced that it will receive a share of $ 2 billion in the company late on Monday.
