The Trump administration holds talks to acquire a 10% stake in "Intel"

The Trump administration takes places to acquire part of about 10% in “Intel”, according to an official in the White House and a number of people familiar with the case, in a move that can make the US government the biggest contributor to the troubled disk industry. According to the persons who asked not to reveal their identity because of the confidentiality of information, the federal government is studying a possible investment in “Intel” that includes the conversion of some or all the grants obtained by the company under the US “Law of Chips and Science” to shares. Intel is scheduled to receive a total of $ 10.9 billion from the allocation of this Act, including commercial and military production. The value of the targeted share This financing value is almost sufficient to cover the government’s target. According to the current market value of “Intel”, a share of 10% is about $ 10.5 billion. Also read: Taiwanese “TSMC” Study the acquisition of a controlling share in “Intel” at the request of the Trump team, the well -known people indicated that the exact volume of the share, as well as whether the administration will continue with the implementation of the plan. White House spokesman, Kush Disai, refused to comment on the details of the issue and only said that “there is no agreement considered official until it was announced by the administration.” Intel did not immediately respond to a request for comment. The White House official also said that the administration was studying the possibility of transforming other grants from the Chips Law into ownership shares into additional businesses. But it is unclear whether this idea had more support in the administration, whether the officials discussed it with possible businesses that could be affected by the matter. In an unprecedented move last month, the US Department of Defense announced that it would acquire excellent $ 400 million shares in the US company “MAB materials specializing in rare land minerals production, making the Pentagon the largest shareholder in the business.” Intel “Shares have recovered.” Bloomberg “for the first time a report on continued talks between US officials and representatives of the company last week. While” Intel “shares were trading 1.3% on the New York Stock Exchange on Monday, it rose 23% over the past week and received the best weekly performance since February.