This acquisition of equity, for an amount of $ 11 billion, would be a conversion of the subsidies affected by the semiconductor manufacturer. But its legality could be challenged.
“Deal” in Washington between Intel and Donald Trump. The President of the United States said that the American semiconductor company had ” accepted “ To sell 10 % of its actions to the American State, in return for the subsidies provided by its predecessor Joe Biden for this strategic sector. “This is a big agreement for the United States and Intel “Haded the tenant of the White House, a few weeks after asking for the resignation of the CEO of the Californian firm, lip-bu.
The Chips law, which subsidizes the semiconductor industry, could not allow the government to convert its grants into actions, thus opening this agreement to possible legal disputes, indicates the New York Times.
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Intel is a historic American flagship of flea, after missing several strategic turns. Eclipsed by TSMC and Samsung Asian behemoths in the manufacture of advanced fleas, it needs liquidity to hope to revive in the race.
“It’s not governance”
This acquisition of a stake of $ 11 billion comes after the Japanese group Softbank, one of the great tech Argentiers, announced to take 2 % of Intel capital – an investment of $ 2 billion – last Tuesday.
According to the Secretary of Commerce, Howard Lungick, the US state will not intervene in the management of the company. “It is not governance”, He said, indicating that the grant-participation conversion would be without voting rights.