Intel says Trump’s deal has risks to shareholders, international sales

Intel On Monday warned of “side effects” by investors, employees and others to Trump administration Taking a 10% share in the company, in a submission Referring to the risks associated with the transaction.

The main area of ​​concern is international sales, with 76% of Intel revenue in its last Fiscal year coming outside the US., According to the submission to the Securities and Exchange Commission. The company has had $ 53.1 billion revenue For fiscal year 2024, 2% compared to the previous year.

For Intel international clients, the company is now directly linked to the President Donald Trumpcontinuous displacement Tariff And commercial policies.

“There may be side effects, immediately or over time, by investors, employees, clients, suppliers, other business or trading partners, foreign governments or competitors,” the company’s submission. “There may also be court disputes related to the transaction or otherwise and increased public or political control over the company.”

Intel also said that the potential for a changing political landscape in Washington can dispute or cancel the deal and create risks for current and future shareholders.

The deal that was announced on Friday gives to Trade Ministry up to 433.3 million shares of the company, which has diluted for existing shareholders. The purchase of shares is largely funded by the money that has already been awarded to Intel under president Joe BidenAn act of chips.

Intel has already received $ 2.2 billion from the program and has been set for another $ 5.7 billion. A separate federal program awarded $ 3.2 billion to a total of $ 11.1 billion, according to a message.

Trump called the Agreement “Many for America” ​​and said that the construction of advanced chips “was mainly for the future of our nation.”

Intel’s shares gathered as an inertia built for a deal in August, with the shares increasing about 25%.

The agreement requires the government to vote with the Board of Directors of Intel. In Monday’s submission, the company noted that the government share “is reducing voting and other shareholder management rights and may limit potential future transactions that may be beneficial to shareholders.”

In addition, the company admitted in the submission that it did not have completed an analysis of all “financial, tax and accounting consequences”.

Intel’s tumultuous fiscal 2024 included Executive Director Pat Gelsinger In December after a four -year management, during which the price of the shares is charged and the company lost grounds for rivals in artificial intelligence Boom.

CEO LIP-THIS TAN I took the helm in March.