Trump agreed with Intel to buy the 10% of shares that belonged to China.
President Trump reached an agreement to purchase the 10% of Intel that belonged to Chinese capital
porEditorial Team
Argentina
The United States government reached an agreement with the technology company to acquire the percentage that belonged to Chinese capital
The United States government, under the administration of President Donald Trump, announced on Friday the acquisition of a 10% stake in the computing components company Intel. The news triggered an immediate 5.5% increase in the company's share price on the NASDAQ index.
The official announcement was made after the market closed by Intel and Secretary of Commerce, Howard Lutnick. The decision was finalized after a meeting between Trump and Intel's new CEO, Lip-Bu Tan, earlier this month.
President Trump had requested Tan's resignation on August 7 due to his investments in companies linked to the Chinese military. However, after the personal meeting, Trump changed his mind and they reached an agreement regarding the Chinese percentage of the semiconductor company.
According to Trump in the Oval Office: "He came, we talked for a while, and I liked him a lot. I said: 'I think it would be good for the United States to have 10% of Intel.' He agreed, and we made it happen. It's a great deal for them." The Republican joked that Tan "came in wanting to keep his job and ended up giving us 10 billion dollars."
El presidente estadounidense mantuvo una reunión con el CEO de Intel, en la cual acordó la adquisición de ese porcentaje de la compañía
The White House celebrates the deal with Intel.
The agreement stipulates that the U.S. government will receive 433.3 million non-voting shares at a price of $20.47 per share, which represents a significant discount compared to the closing price of $24.80. That difference already means a potential paper gain of 1.9 billion.
The financing of the 8.9 billion needed for the purchase will come from two main sources: 5.7 billion from the CHIPS and Science Act of 2022 (a law passed during the administration of Joe Biden, but whose funds had not yet been distributed) and 3.2 billion that Intel received in 2024 as part of the Secure Enclave program.
Secretary of Commerce Howard Lutnick described the agreement as "fair for Intel and fair for the American people." In a post on the social network X, he stated that the deal "strengthens U.S. leadership in semiconductors, which will grow our economy and ensure our technological advantage."
El secretario de Comercio de Trump mencionó que el acuerdo resulta beneficioso para ambas partes
Confidence in Intel's new direction.
Lip-Bu Tan, who took over as Intel's CEO in March, faces the challenge of reversing the company's finances, which last year recorded a loss of 18.8 billion dollars, the first since 1986. In a statement, Tan thanked Trump for his confidence and pledged to work to strengthen the technological and manufacturing leadership of the United States.
The U.S. investment comes shortly after Intel received a 2 billion dollar financial bailout from the Japanese group SoftBank, which was also interpreted as a show of support for the company's new direction and its recovery strategy.
During his announcement, Trump noted that Intel "had fallen behind", recalling that it was once the most powerful chip company in the world, before moving part of its production abroad, especially to Taiwan.
El presidente de los Estados Unidos había pedido previamente la renuncia del CEO de Intel
