Overview

• Intel CFO David Zinsner said the funds arrived Wednesday and that about 433 million new shares were issued to deliver roughly a 10% holding, diluting existing shareholders.
• The White House said the arrangement is not yet final, with the Commerce Department negotiating details and about $3 billion in Defense funding still unresolved.
• Intel outlined options and warrants that lift the total package to roughly $8.9 billion and warned the U.S. could become its largest shareholder.
• The agreement gives the government an option to acquire an additional 5% if Intel’s ownership of its Foundry business falls below 51%, a scenario Zinsner called unlikely.
• Officials have proposed structuring the stake as non‑voting shares as part of a broader equity‑for‑subsidy strategy to secure U.S. chipmaking capacity.