""The wording of the agreement suggests the US government is making an $8.9bn investment in Intel, but what appears to have happened is that the US Department of Commerce has used funding provided by the previous administration's US Chips Act, covering $5.7bn of grants together with $3.2bn awarded to the company in 2024 as part of the Secure Enclave programme, which provides semiconductor technology to the Department of Defence.""
""The industry needs a strong and resilient US semiconductor industry, and no company is more important to this mission than Intel," said Michael Dell, chairman and chief executive officer at Dell Technologies. "It's great to see Intel and the Trump Administration working together to advance US technology and manufacturing leadership. "Dell fully supports these shared priorities, and we look forward to bringing a new generation of products to market powered by American-designed and manufactured Intel chips.""
The US government has taken a 9.9% equity stake in Intel using funds tied to the US CHIPS Act and Secure Enclave awards. Intel characterized a recent meeting with the US president as a candid and constructive discussion about its commitment to US technology and manufacturing leadership. Major tech firms including Amazon Web Services, Microsoft, HP and Dell publicly welcomed the investment, emphasizing the need for a strong US semiconductor industry. Intel faces competitive pressure in CPUs and AI workloads as rival chips, particularly from AMD, are outperforming Intel processors on high-performance benchmarks.
Read at ComputerWeekly.com
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