- According to reports, Intel has entered conversations with the White House
- This could see the United States government assume participation in the company.
- Intel is the most prominent semiconductor manufacturer in the US.
The White House has confirmed that it is negotiating an agreement that could deliver a 10% participation in Intel to the United States government.
The chips manufacturer has faced serious uncertainty in recent months, with multiple quarters of reducing income, but the agreement could imply the Intel shares trade for existing government subsidies.
“The president wants to put the needs of the United States first, both from an economic perspective and from an economic perspective,” the White House Secretary, Karoline Leavitt told reporters. “We should obtain a capital participation for our money. We will obtain capital in exchange for that … instead of simply giving subsidies.”
Commercial wars
It is a surprise turn to see President Trump get away from Lossiaze’s liberal economic policies -Fafaire who have dominated the US economy for decades, all to prop up Intel.
Trump previously requested from the CEO of Intel Lip-Bu so that he would resign, calling him “very conflictive”, most likely due to his period as CEO of Cadance Design Systems, an organization that recently declared himself guilty of selling illegally selling technology controlled by exports to organizations with connections with the Chinese army.
Intel is perhaps the main hope of the United States to rival Chinese and Taiwanese giants of chips, which are undoubtedly ahead in the battle of the semiconductor market.
However, Intel’s recent dismissals have seen between 15 and 20% of US factory workers.
The possible agreement could give Intel the stability it needs to completely invest in national manufacturing, and could see the company to build a flagship manufacturing center in Ohio, although the White House ruled out the discussion of possible agreements such as “speculation.”
The giant companions of the manufacture of Nvidia and AMD chips recently agreed that 15% of chips sales will now go to the United States government in exchange for export licenses to China, despite the growing national security concerns.
Through BBC
