Intel CFO says the US deal aims to deter Intel from selling its foundry; it lets the US buy 5% more at $20/share if Intel's stake in the unit falls below 51%
until it didn't Mai Tao / Robotics & Automation News : US government takes 10 percent stake in Intel for $9 billion Ashley Belanger / Ars Technica : Intel details everything that could go wrong with US taking a 10% stake Satya Nadella / Moneycontrol : Intel confirms $5.7B US government investment, explores foundry partners Max A. Cherney / Reuters : Intel says it received US grant; government says it is still working on deal Rebecca Szkutak / TechCrunch : Trump administration's deal is structured to prevent Intel from selling foundry unit Emily Jarvie / Proactive : Intel investment by US government designed to prevent sale of chipmaking unit, CFO says Eddie Pan / TipRanks Financial : Trump Administration Graces Intel (INTC) with $5.7 Billion Lifeline The Straits Times : Intel has received $7.3b under Trump investment deal, CFO says Forums: r/intelstock : Trump-Intel deal designed to block sale of chipmaking unit, CFO says r/Hasan_Piker : “Biden admin agreed to give $7.86 billion for free to Intel and now that they are being forced to give 10% stake to the country to receive that investment under Trump”