It’s official: The U.S. owns 9.9 percent of Intel
The U.S. government has made an unprecedented investment of $8.9 billion into Intel, acquiring a 9.9% stake in the company. This investment is part of the $10.9 billion CHIPS Act funding, with an additional $2.2 billion in CHIPS Act grants already received by Intel. The government's investment will be a passive one, with no board representation or governance rights. However, the government has the option to purchase an additional 5% stake if Intel's ownership of its foundry business drops below 51%. This investment is seen as a move to cement Intel's foundry aspirations and ensure that the most advanced semiconductor technologies are American-made, bolstering the country's economic and national security. The deal has received support from tech industry leaders, including Microsoft, Dell, HP, and AWS.
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