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Washington enters intel capital under:
(Washington) Donald Trump announced on Friday the entry of the American federal state to the capital of the company of semiconductors. Meanwhile, Intel processors, up to 10 %, saying that it had “cost”. Therefore,
Posted at 2:34 p.m. Updated at 5.58 p.m.
“It is a great honor for me to announce that the United States now has fully 10 % of the capital of Intel. Nevertheless, a large American company with now an even more incredible future,” wrote the American president on his social social platform. Consequently,
“I negotiated this agreement with LIP-BU washington enters intel capital under TAN (the group’s general manager, editor’s note). Similarly, The United States has not paid nothing for these shares which are now valued about eleven billion dollars. Similarly, It is a great agreement for the United States and Intel, ”he welcomed. Nevertheless,
Donald Trump had stated earlier in the day. Consequently, in the oval office, that Intel had accepted his government’s proposal, adding that he thought “that it is a very good agreement for them”.
In a press release, Intel said that the US state investment amounted to $ 8.9 billion, part of which corresponding to the subsidies that had not yet been paid, to which are added the 2.2 billion subsidies already paid, in total an investment of just over $ 11 billion.
“We are grateful for confidence in Intel displayed by washington enters intel capital under the president. the government and wish to work in order to strengthen the technological and industrial domination of the United States,” Tan said in the press release.
The United States government wanted to obtain shares in the capital of the company in exchange for subsidies already planned by former president Joe Biden. also said last week Howard Lutnick, the Secretary of Commerce.
These subsidies took place within the framework of the Act chips. the law passed under the Democratic predecessor of Donald Trump, aimed at encouraging the installation in the country of the whole chain of value of chips and semiconductors.
But the American president seeks him to attract companies by imposing customs duties on the products imported into the country. making the bet they will prefer to implant factories rather than washington enters intel capital under having to pay the surcharge.
“We should receive capital in exchange for our money,” said Howard Lutnick. “We will pay the money that has been hired by (Joe’s government) Biden and we will have titles in exchange”.
An entry to the capital of Intel now acted therefore. but which was nevertheless made without voting rights or siege to the board of directors of the group, said Lunick.
Intel is one of the most emblematic companies in Silicon Valley. but its success has been overshadowed by Asian jugns TSMC and Samsung, which dominate the semiconductor market.
At the beginning of August. Donald Trump attacked Lip-Bu Tan, accusing him of “facing a serious conflict of interest” and appeal to “resign immediately”, before receiving it on August 11 at washington enters intel capital under the White House during a meeting qualified by the American president of “very interesting”.
The Japanese investment giant in SoftBank Group technologies also announced last week its desire to invest two billion dollars in Intel capital. which would bring its participation to 2 %.
Washington enters intel capital under
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