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Intel CFO Unveils Government Investment Motive: To Prevent Chip Manufacturing Sale
2 week ago /
Read about 0 minute
Author：小编
On August 29, Intel's Chief Financial Officer, David Zinsner, disclosed that the investment by the Trump administration in Intel was strategically aimed at deterring the company from selling its chip manufacturing business. Last week, leveraging the CHIPS Act, the US government provided equity conversion subsidies, securing a 10% stake in Intel along with five-year warrants. Furthermore, the government holds the right to acquire an additional 5% stake should Intel's ownership in its foundry business dip below 51%. Zinsner emphasized that government ownership could potentially sway potential customers' perception of Intel, underscoring that the future success of the foundry business hinges on its ability to attract major clients.
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