Intel will give the US government a 10%stake, Trump says: NPR

President Trump said on Friday that he had asked the CEO of Intel Lip-Bu Tan for a 10% stake in the company during a recent meeting in the White House.

“He accepted, and they agreed to do it, and I think it’s a lot for them,” Trump told journalists. “He entered wanting to keep his job, and he ended up giving us $ 10 billion for the United States,” said Trump.

Neither Intel nor the White House press team immediately responded to requests for comments.

But if such an agreement is advancing, it would be a very unusual step – it would mark an escalation in the efforts of the Trump administration to push flea manufacturers to manufacture in the United States, and an important new step in the way CEOs are willing to sell the president and Unprecedented control amount on their companies.

The nature of the way an agreement could work is not yet clear – and the response of the Board of Directors of Intel or the shareholders is not either.

Earlier this week, trade secretary Howard Lutnick said to CNBC that a potential agreement for Intel participation would convert subsidies into intels of the law on fleas and 2022 sciences in equity. The law has authorized a total of almost $ 53 billion in government funding for flea -related activities.

“We will therefore deliver the money, which was already committed within the framework of the Biden administration. We will obtain equity in exchange,” said Lodnick, adding that participation would not give the government or governance rights to Intel.

Intel, formerly a leader in flea production, has been faced with a series of problems in recent years.

He tripped in the race to feed the demand for data plants to build artificial intelligence models called graphic processing units, or GPU. The leader in this area is NVIDIA, neighboring Santa Clara, California, the world’s largest company with a market capitalization of more than 4 dollars.

(Earlier in August, Trump announced that Nvidia Pay the US government 15% of its income from flea market H20 in China in exchange for their authorization to sell them there. A spokesman for Nvidia refused to comment at NPR on the figure of 15%, and in a statement, the company said that it followed “the rules that the US government establishes for our participation in global markets”).

Intel’s revenues have dropped in recent years, which has reduced its market capitalization. This year, the company reported net losses for the first two quarters.

President Trump directly targeted Intel Tan CEO at the beginning of the month, Call him to resign Following reports, he invested in a range of Chinese technological companies. A few days later, Tan went to the White House for a face -to -face meeting with the president, after which Trump called The “interesting” meeting and tan a “success”.

Intel is Plan to invest More than $ 28 billion in two flea production facilities in Ohio, but the plans have been delayed and analysts say that it is not clear if there will be sufficient demand for the chips that the company finally produces.

“One of the questions that we have not yet seen in the public sphere, at least, is how this discussion on the financing of actions is linked to the question of who will be the client of Intel factories who are under construction and their manufacturing processes that are put online,” said Chris Miller, Professor at TUFTS University and author of the author of Chip War: The most critical technology fight in the world.

“This is a key element of the puzzle,” he said, adding that it was too early to find out if a potential equity agreement would be a boon to Intel or complicate the business efforts to try to direct the ground again.