The U.S. government is negotiating an acquisition of approximately a 10% equity stake in Intel, leveraging its foundry operations. Treasury Secretary Scott Bessent indicated that this stake would originate from untapped CHIPS Act loans, though he downplayed efforts to seek new customers for Intel. Concerns arise regarding the efficiency of spending taxpayer dollars to stabilize Intel without addressing underlying business instability. Additionally, considerations about reshaping corporate interactions with tech companies and the implications of government coercion have emerged as a point of contention.
The U.S. government is set to acquire a 10% equity stake in Intel, with its products division supporting the foundry. Pressure may build on tech firms to purchase Intel chips.
Treasury Secretary Scott Bessent confirmed talks are ongoing for the equity stake through untapped CHIPS Act loans, but no new customers for Intel are being sought.
Bessent expressed skepticism about the strategy of merely stabilizing Intel financially without addressing its core instability issues, questioning the need for taxpayer dollars.
The potential move to split Intel or pressure companies to buy its products suggests a controversial path for government involvement in corporate strategies.
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