Overview

• President Donald Trump said the Intel transaction will not be a one-off and that companies seeking approvals or support will be pressed to provide concessions or payments.
• The U.S. acquired roughly 10% of Intel in a deal that unlocked $8.9 billion in previously authorized CHIPS Act subsidies for U.S. production, on top of $2 billion already disbursed.
• Intel disclosed that the government received voting shares that must generally align with Intel’s proposals and that the stake carries a minimum one-year holding period.
• News reports say Intel and AMD are currently required to remit 15% of revenue from chip sales to China to the U.S. government as a condition for export licenses, and Trump said he initially pushed for 20%.
• Intel warned that U.S. government ownership could trigger additional foreign restrictions, noting that about three-quarters of its revenue comes from outside the United States.