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    [I thought this wasn't supposed to cost us anything??? - Mike]   
      
   Intel says it has already received billions from the US government as part of   
   upcoming deal   
      
   Date:   
   Fri, 29 Aug 2025 12:00:00 +0000   
      
   Description:   
   Intels deal with the US Government may have just hit the road rolling with a   
   $5.7 billion payout.   
      
   FULL STORY   
   ======================================================================Intel   
   CFO says the company just received $5.7 billion from the US Government Trump   
   secured a 10% stake in Intel in exchange for the financial support The deal    
   is aimed at keeping Intel in ownership of its foundry    
      
   Intel CFO David Zinsner said the company received $5.7 billion from the US   
   government earlier this week as part of a deal that Trump hopes will make   
   Intel profitable and return billions to the US.    
      
   The deal involves Intel giving a 10% stake to the US Government, negotiated    
   by Trump, who also secured a 5% warrant if Intels ownership of its foundry   
   drops below 51%.    
      
   However, despite signs that the deal is certainly underway, White House Press   
   Secretary Karoline Leavitt said its still being finalized by the Department    
   of Commerce. Intels US Government deal seems to be going ahead    
      
   Looking ahead, Zinsner suggested Intel may seek outside investment for its   
   foundry unit in order to attract strategic investors over purely financial   
   deals, but this could be years away.    
      
   Trumps stake in Intel is meant to encourage the company to retain control of   
   its foundry business, boosting the US economy and supporting jobs.    
      
   I dont think theres a high likelihood that we would take our stake below 50%,   
   Zinsner said (via Reuters ). So ultimately, I would expect (the warrant) to   
   expire worthless."    
      
   However, Intel isnt so sure about the effects Trumps deal could have on the   
   company, citing potential complications with securing international deals.   
   Intel also noted that the White Houses interests may differ from its own.    
      
   Despite the scale of the deal, Intel is still set to lay off thousands of   
   workers. Since taking office just months ago, new CEO Lip-Bu Tan has vowed to   
   slash headcount to around 75,000 in order to turn the company around.    
      
   Last month, Intel posted quarterly revenue that was flat year-over-year  at   
   $12.9 billion. Intel shares were up 0.2% following this weeks announcement,   
   but despite a 21.58% increase this year to date, theyre still down 50.85%    
   over the course of the past five years.   
      
   ======================================================================   
   Link to news story:   
   https://www.techradar.com/pro/intel-says-it-has-already-received-billions-from   
   -the-us-government-as-part-of-upcoming-deal   
      
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