Donald Trump said on Friday, August 22, that the American semiconductor and processors had Intel had “Accepted” to sell 10 % of its actions to the US State. “I think it’s a very good agreement for them”assured the American president in the oval office, evoking his meeting with Lip-Bu Tan, the boss of Intel, on August 11.
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 voted under the Democratic predecessor of Mr. Trump, aimed at encouraging the installation in the country of the whole chain of value of chips and semiconductors. But the American president seeks to attract companies by imposing customs duties to products imported into the country, making the bet they will prefer to implant factories rather than having to pay the surcharge.
“We should receive capital in exchange for our money”had then declared Mr. Lunick, “We will pay the money that has been hired by [le gouvernement de Joe] Biden and we will have titles in exchange ”. An entry to the capital of Intel would however be without voting rights or siege to the group’s board of directors, said Mr. Lutnick.
White House Meeting
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.
In early August, Trump attacked Lip-Bu Tan, accusing him of doing “Faced with a serious conflict of interest” and the appellant to “Resign immediately”before receiving it on August 11 at 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 $ 2 billion in Intel capital, which would bring its participation to 2 %.
