The Trump administration seems willing to control Intel’s ability to make key business decisions on its business unit of the flour foundry.
Second Reporting of the Financial TimesDuring a Deutsche Bank conference on Thursday, the CFO David Zinsner of Intel shared new details on the recent company agreement with the Trump administration, which gave the Government of the United States at 10% of share quotas.
The agreement has been structured in such a way as to penalize Intel if it brings out its company unit of Fondia, which produces custom chips for external customers, within the next few years.
Last week agreement included a five -year mandate that allowed the United States government to take on an additional 5% of Intel, to $ 20 per share, if the company held less than 51% in its foundry business. Zinsner said the experiments that guarantee expires.
“I think that from the point of view of the government, they were aligned with that; they did not want to see us take business and turn it or sell it to someone,” he said.
Zinsner added that the company Received $ 5.7 billion in cash Wednesday, following the agreement last week, according to Reuters. (That the money derives from the remaining subsidies previously assigned, but not yet paid, to Intel pursuant to the US Chips and science acts)
Karoline Leavitt, press secretary of the White House Karoline, told journalists today that the agreement was still resolved.
Techcrunch event
San Francisco
|
27-29 October 2025
Intel refused how Zinsner’s Oltre’s agreement is.
This structure of agreement is clearly a will for the desire of the Trump administration to bring more manufacturing chips to the United States since many actors in the sector are aimed at the Taiwan Semiconductor Manufacturing Company’s Offshore Manufacturingish.
But this intel mandate also to maintain a corporate unit that is losing money. Intel Foundry reported Loss of $ 3.1 billion operating of $ 3.1 billion During the second quarter and was a source of conflicts for the semiconductor sector.
There have been called by analysts, members of the Board of Directors and investors to run the foundry unit in difficulty, which seemed like this It could happen recently last autumnBefore the architect of Intel Foundry, Form Ceo Pat Gelsinger, He suddenly retired to December.