The US government is the new major shareholder of the troubled chip group Intel.
The American state now has a share of ten percent, said Minister of Commerce Howard Lutnick. As a purchase price, the remaining $ 8.9 billion (around 7.6 billion euros) in subsidies for the expansion of US production are paid out, as can be seen from an Intel announcement. Intel had already received a good two billion dollars.
According to Lutnick’s earlier information, President Donald Trump wanted to have participation in return for the subsidies. According to the minister’s previous information, the US government receives shares without voting rights. It could not have a direct influence on management decisions on Intel. According to the Intel announcement, the proportion is 9.9 percent.
The US government can also buy a further share of five percent at the price of $ 20 per share within five years if Intel should keep less than 51 percent in its manufacturing business. The Intel share rose by around 5.5 percent in US trade on Friday to $ 24.80.
White house prefers tariffs
Trump always describes the subsidies for chip groups for the expansion of US production under his predecessor Joe Biden as a waste of money. He prefers to rely on high import tariffs that the companies are supposed to make to manufacture their semiconductors in the United States.
Industry analyst Stacy Rasgon said that participation was a good sign for Intel that the company’s opportunities now rose to actually get the promoted subsidies. At the same time, this does not help the company find new customers, he emphasized in the TV station CNBC.
Concern about chip supply chains
For example, high -tech chips are currently produced almost exclusively in Asia – mainly in Taiwan, for example for smartphones, which are geopolitical tensions with China. That is why the United States and Europe has been trying to bring more production into the West again for several years.
However, the construction of the factories takes years and costs dozens of billions. The emigration of chip production to Asia had been fired by high subsidies for decades.
Under Trump, the US government had already received a “golden share” when the American steel company US Steel (United States States) was taken over by the Japanese rival Nippon Steel (Nippon Steelsumitomo Metal). This requires the consent of the American President, among other things, to relocate jobs from the USA, work closures or large takeover in the country.
Intel in need
Intel once dominated the semiconductor market, but has been fighting problems for years. Especially in the business with chips for artificial intelligence, the graphics card specialist Nvidia conquered a top position. In addition, Intel is also more under pressure in the traditional business with PC processors and chips for data centers.
In addition to its own chips, the group tries to build a second mainstay as a manufacturer for other semiconductor providers. So far, this has been rather slow. Plans for a large factory in Magdeburg were given up in view of the lack of demand ./so/dp/mis
At NASDAQ, the Intel share won by 5.53 percent on Friday to the end of the trade to $ 24.80, before it was a further 1.05 percent to $ 25.06.
Santa Clara (dpa-Afx)
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