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The Secretary of Commerce, Howard Lutnick, announced that the United States government acquired a 10% stake in Intel, the largest chip manufacturer in the country, in a move aimed at strengthening state control over the production of strategic semiconductors.
The operation involved a investment of 8.9 million dollars, with the purchase of 433 million common shares at a price of 20.47 dollars each, which represented a discount from the market value, as reported by CNBC. As a result, the U.S. government's stake in the company reaches 10%.
"This historic agreement strengthens the leadership of the United States in the semiconductor sector, which will contribute to the growth of our economy and help ensure the technological advantage of the United States. Thanks to Intel CEO Lip-Bu Tan for reaching an agreement that is fair for both Intel and the American people," wrote Howard Lutnick.
Of the total investment amount, $5.7 million came from CHIPS Act grants —already approved but not yet disbursed— and $3.2 million from government awards for the development of secure chips.
President Donald Trump celebrated the acquisition on Truth Social: “The United States did not pay anything for these shares, and they are now valued at approximately 11 billion dollars. This is a great deal for the U.S. and for Intel.”
Although the government will have the option to purchase an additional 5% if Intel loses the majority of its foundry business, it will not have representation on the board of directors or governance rights.
The CEO of Intel emphasized that the company will remain committed to ensuring that the most advanced technologies are manufactured on American soil.
The news prompted a 6% rise in Intel's stock. The move reflects a shift in Washington's industrial policy, which now favors greater direct intervention in critical sectors for national security.
Frequently Asked Questions about the U.S. Government's Acquisition of 10% of Intel
Why did the U.S. government buy 10% of Intel?
The United States government acquired 10% of Intel to strengthen state control over the production of strategic semiconductors and ensure the country's leadership in this key sector for the economy and national security.
How much did the U.S. government invest in Intel?
The total investment by the U.S. government in Intel was $8.9 million. This operation included the purchase of 433 million common shares at a price of $20.47 each, with part of the funds coming from grants under the CHIPS Act and government awards for the development of secure chips.
What implications does this purchase have for Intel and the United States?
The acquisition strengthens the United States' leadership in the semiconductor sector, which is expected to contribute to economic growth and secure the country's technological advantage. Furthermore, it represents a shift in Washington's industrial policy towards greater intervention in critical sectors for national security.
How did the market react to the government's acquisition of 10% of Intel?
The news triggered a 6% increase in Intel's stock. This reflects a positive market reaction to the strengthening of state control over a strategic sector and confidence in the company's future under this new scenario.
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