The United States government has agreed to take a 9.9 percent stake in Intel through an $8.9 billion investment, marking one of the most significant interventions in the history of the American semiconductor industry.
The deal converts undisbursed grants under the CHIPS and Science Act and related programs into equity, giving the government nearly 10 percent ownership of Intel without direct control over its board.
The agreement also includes a five-year warrant allowing Washington to buy a further 5 percent of Intel shares at a fixed price if the company reduces its majority ownership of its foundry unit. [Read more…] about US government takes 10 percent stake in Intel for $9 billion