Trump administration’s deal is structured to prevent Intel from selling foundry unit

Trump administration’s deal is structured to prevent Intel from selling foundry unit

The Trump administration seems intent on controlling Intel’s ability to make key business decisions around its floundering foundry business unit. According to reporting from the Financial Times, at a Deutsche Bank conference on Thursday, Intel’s CFO David Zinsner shared new details about the company’s recent deal with the Trump administration, which gave the U.S. government…

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Trump administration’s deal is structured to prevent Intel from selling foundry unit

The Trump administration’s big Intel investment comes from already awarded grants

Intel officially announced an agreement with President Donald Trump’s administration on Friday afternoon, following Trump’s statement that the government would be taking a 10% stake in the struggling chipmaker. While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds. Instead,…

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