The US government has reached an agreement with Intel Corporation to support the company’s expansion of American technology and manufacturing leadership. As part of the deal, the government will invest $8.9 billion in Intel common stock, reflecting its confidence in the company’s ability to advance key national priorities.
The investment is part of a larger effort by President Trump’s administration to strengthen the US semiconductor industry. Intel has committed to investing over $100 billion to expand its U.S. sites and manufacturing capacity, with the goal of positioning itself for future success.
Under the terms of the agreement, the government will purchase 433.3 million primary shares of Intel common stock at a price of $20.47 per share, equivalent to a 9.9% stake in the company. The investment provides American taxpayers with a discount to the current market price while enabling the US and existing shareholders to benefit from Intel’s long-term business success.
Intel CEO Lip-Bu Tan said that the company is committed to ensuring the world’s most advanced technologies are American-made, and that the government’s confidence in the company is a significant endorsement. The investment also marks a key step forward for President Trump’s agenda to achieve US technology and manufacturing leadership.
Industry leaders from leading technology companies such as Microsoft, Dell Technologies, HP, and Amazon Web Services have welcomed the agreement and expressed their support for the administration’s efforts to strengthen the US semiconductor industry.
Source: https://newsroom.intel.com/corporate/intel-and-trump-administration-reach-historic-agreement