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|  Message 1704  |
|  Mike Powell to All  |
|  Intel admits US Governmen  |
|  28 Aug 25 09:19:16  |
 TZUTC: -0500 MSGID: 1452.consprcy@1:2320/105 2d15a110 PID: Synchronet 3.21a-Linux master/123f2d28a Jul 12 2025 GCC 12.2.0 TID: SBBSecho 3.28-Linux master/123f2d28a Jul 12 2025 GCC 12.2.0 BBSID: CAPCITY2 CHRS: ASCII 1 FORMAT: flowed Intel admits US Government share deal could have a major effect on international sales Date: Wed, 27 Aug 2025 16:01:00 +0000 Description: Intel will hand over 433 million shares to the US Government, but its also worried about Trumps influence overseas. FULL STORY The upcoming US Government ownership deal could have knock-on effects on how Intel deals with foreign customers and governments in the future, which could be further amplified by Trumps unpredictable trade and tariff policies, the company has admitted. The US Government is set to acquire a 10% stake in Intel through a mix of unpaid CHIPS Act grants and funding in a deal valued at around $8.9 billion in total. In exchange, Intel will hand over 433 million shares to the government, worth between $10-11 billion. Intel could be affected by its US ownership The tricky part comes in the form of foreign business, because around 76% of Intels fiscal 2024 revenue came from abroad, with popular markets including China, Singapore and Taiwan. Being part-owned by the US Government means Intel could be exposed to foreign subsidy laws, extra regulations, lawsuits, political scrutiny and competitor pushback that could seriously hamper its foreign sales. Having the US Government as a significant stockholder of the Company could subject the Company to additional regulations, obligations or restrictions, such as foreign subsidy laws or otherwise, in other countries, Intel wrote in a SEC filing . Intel also noted that the US Governments interests may not reflect those of its existing shareholders, and that its substantial additional powers could prevent it from pursuing potential future strategic transactions at the benefit of shareholders. President Trump welcomed the deal, claiming it made the US $11 billion at zero cost. I PAID ZERO FOR INTEL, IT IS WORTH APPROXIMATELY 11 BILLION DOLLARS. All goes to the USA, he wrote on Truth social media. The post goes on to explain how Intels stock price could go up while the US would become RICHER, AND RICHER. Trump also noted that the deal would generate more jobs for America!!! It is difficult to foresee all the potential consequences, Intel concluded. Intels latest quarterly revenue remained flat year-over-year at $12.9 billion, under the leadership of new CEO Lip-Bu Tan. ====================================================================== Link to news story: https://www.techradar.com/pro/intel-admits-us-government-share-deal-could-have -a-major-effect-on-international-sales $$ --- SBBSecho 3.28-Linux * Origin: capitolcityonline.net * Telnet/SSH:2022/HTTP (1:2320/105) SEEN-BY: 105/81 106/201 128/187 129/14 305 153/7715 154/110 218/700 SEEN-BY: 226/30 227/114 229/110 111 206 300 307 317 400 426 428 470 SEEN-BY: 229/664 700 705 266/512 291/111 320/219 322/757 342/200 396/45 SEEN-BY: 460/58 712/848 902/26 2320/0 105 304 3634/12 5075/35 PATH: 2320/105 229/426 |
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