The Trump-Intel Deal Is Official

United States The government is doing a $ 8.9 billion Investment in IntelThe company, published on Friday, said in a press release that the company was representing 9.9 percent of the partnership.

Investment will be funded by $ 5.7 billion dollars as grants Intel According to the press release, the award was given under the 2022 Chips Act and the $ 1.2 billion company was awarded as part of a secure enclave program, the press release said.

The news came after President Trump spoke at a White House press conference with journalists. “I said, ‘I think you should pay your 10 percent of your company.’ And they said yes – it’s about $ 10 billion, “Trump said. “And I think it’s a great thing for them” “”

Trump has added that Intel’s CEO Lip-Boo pull, “If he wants to keep his job” and “finished $ 10 billion for the United States.” He mentioned a situation earlier this month where he called for Tan’s resignation because of financial relations with the CEO China. Trump later softened his position after meeting with Tan in Washington.

Both Trump and US Commerce Secretary Secretary Howard Lutnik said the deal was to revive the fierce chip giant and bring back further chipmecking to the United States. This step is part of a broad tactic to reduce the country’s dependence on China.

Boston College Law School Professor Brian Queen says that it is misleading that the government has discussed for the general stock in the Intel opposite the favorite stock.

“It hurts me as a lot of time wasted,” he said. “The government said that it wanted to make sure that the taxpayers could get something back from it, it is unclear how this investment will do. If it is preferred it may include compulsory dividends and confirm that the government will get back.”

Although the public sector/private sector partnerships are not completely unusual in the United States, legal experts say that this type of official intervention UnjustThe

“The government is the reason for giving capital injections between auto industries and insurers [post-2008] They had to go through the crisis, “Timothy Myer, a professor of international business law at Duke University, said.” This is not a broad financial crisis situation. It is a company that will dramatically increase its market share. “

Myer has added that “he is interested in seeing how much the US government will use his leverage throughout the technology industry.”

When asked to comment, the White House mentioned the wired on Trump’s true social account. Trump posted, “The United States has given nothing for this share, and the shares are now worth about $ 1 billion. It’s a great deal for America and a great deal for Intel,” Trump posted. “What Intel does is to make the top edge semiconductor and chips is basic for the future of our nation. Make America great again! Thank you for your attention on this topic.”