US President Donald Trump [ⓒAP=연합뉴스]
[디지털데일리 김문기 기자] Intel has joined hands with the US government to reach an agreement on equity investment.It is indeed extremely unusual for the US government to secure one of the world’s largest semiconductor companies. Even though the US government has stated that ‘subsidy equity’ will not apply the same to other companies,it is indeed attracting attention as an inevitable result of unprecedented things. in addition, as Intel becomes state-owned, it is impossible to rule out the possibility of policy demand in the United States.
In an official statement, Intel said, “We will contribute to national security and economic prosperity as the onyl semiconductor company that conducts the world’s state-of-the-art logic research and advancement and manufacturing at the same time in the United States.”
“Trump’s manufacturing revival policy has led to historical investments,” said lip CEO.
The agreement converts $5.7 billion in subsidies and security enclosure program support, which was not paid under the Semiconductor support Act (Chips Act), to a 9.9% stake in Intel.
Specifically, the US government will buy about 433.3 million shares of Intel for $20.47 per share.This is a lower price than Japan’s Softbank recently acquired Intel stocks for $23,and the government has a favorable condition. This will lead to Intel’s largest shareholder. at the same time, the government was granted the right to acquire an additional 5% of $20 per share for the next five years. However, it will only be triggered when Intel reduces the foundry stake to less than 51%.
The government’s stake is a non-voting personality, and it is stated that there is no participation in the board of directors or management intervention. Though, in principle, the general meeting of shareholders plans to assist with the Intel Board of Directors, and it is indeed guessed that the policy intention is more than formal manual investment.
◆ Unprecedented intervention, controversy and welcome cross-crossing
Contrary opinions to this agreement are coming out. The Foreign Wall Street journal (WSJ) pointed out that it is an unprecedented private company intervention that is different from the bank relief during the 2008 financial crisis, and that the government has actually secured the largest shareholder status, not just subsidies, but a message that the government will directly guarantee a private foundry surface.
Another foreign-made Associated AP dialog focused on the political background of the transaction. Two weeks ago,President Trump pressed the CEO’s suspicion of linking China immediately,but he suggested that the attitude changed rapidly after the meeting.
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