As reported by Reuters
The United States announced the purchase of about 10% of Intel’s shares for roughly $8.9 billion. Under the new agreement, Intel will receive a grant from the United States to support the development of chip technologies, in return, the country will receive a stake in the company. This information was confirmed by U.S. President Donald Trump during a public speech on August 22, citing Reuters.
Under the terms of the agreement, Intel will not receive a seat on the corporation’s board of directors.
Part of the funding for this operation is planned to be drawn from the reserves provided by the CHIPS Act, enacted during the tenure of former President Joe Biden.
Donald Trump and Intel’s CEO Lip-Bu Tan met on August 22; after the meeting, Trump announced the deal.
Timeline of events and key implications
He came hoping to keep his job, and as a result gave us $10 billion for the United States. So we got $10 billion.
There are also reports that Intel has filed for a U.S. grant, citing losses in microchip sales due to the development of artificial intelligence and the integration of its capabilities into chips.
Analysts emphasize that such an agreement reflects growing U.S. attention to semiconductor supply chains and aims to strengthen American producers’ positions in the global market.
