The company’s sharing grew more than 6% as a result of the transaction. State support can provide Intel more time to restore the unprofitable unit for the manufacture of semiconductors.
US president Donald Trump has announced that the United States government has agreed to get a 10% stake in Intel, which is in a difficult situation, Reuters reports. According to him, this is the first of the planned steps in a series of state investments in strategic companies.
Official transaction confirmation is expected later, a source said familiar to the situation. As mentioned, the decision was the result of Trump’s meeting with the general director of Intel Lip-Bo Tan in early August. The President then requested the resignation of the company head of the company because of his previous relationship with Chinese companies. “He came to the meeting to maintain his position, and eventually gave us $ 10 billion for the United States,” Trump said.
Lip-Boo Tan, head of Intel in March of this year, received the task of removing a legendary company from the crisis. In 2024, Intel recorded an annual loss of $ 18.8 billion – the first since 1986. The last time the company had a positive indicator of the free cash flow of 2021.
Intel sharing after the statement increased by more than 6%. At the same time, the company itself refused comments.
Analysts believe that state support can provide more time to restore the unique unit for making semiconductors to order, but the company is still faced with problems -from a weak roadmap of products to difficulties in attracting customers for new factories.
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Source: korrespondent
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