据英特尔提供的文件显示，如果英特尔芯片代工厂被拆分为一家新的私人企业，补贴规定要求英特尔至少持有新公司50.1%的股份；如果英特尔代工厂成为一家上市公司，且英特尔不是最大股东，那么新公司只能向任一单个股东出售最多35%的股份。①Intel reached a $7.86 billion subsidy agreement with the USA government, but must meet strict conditions; ②Intel stated on Wednesday that the USA government requires it not to sell shares of its chip manufacturing division at will; ③The US Department of Commerce stated that it is negotiating control change clauses with all subsidy recipients.
Financial Associated Press November 28 News (Editor Marlan) $Intel (INTC.US)$ Although a $7.86 billion subsidy agreement was reached with the USA government, the company revealed that the conditions required to be met in this agreement are very complex.
On Wednesday, Intel stated that the USA government requires Intel not to sell shares of its chip manufacturing division at will during the chip subsidy period.
According to documents provided by Intel, if Intel's chip foundry is split into a new private enterprise, subsidy regulations require Intel to hold at least 50.1% of the shares in the new company; if Intel's foundry becomes a public company and Intel is not the largest shareholder, the new company can only sell up to 35% of the shares to any single shareholder.
The documents also state that any change in Intel's control may require approval from the US Department of Commerce. Only by meeting these conditions can Intel receive funds from the USA government to continue its $90 billion chip factory projects in Arizona, New Mexico, Ohio, and Oregon.
Ambitions are thwarted
In September, Intel's CEO Pat Gelsinger had expressed the idea of spinning off the chip manufacturing business into a subsidiary, and was willing to accept external investors to invest in that division.
Subsequently, there were market rumors that Qualcomm hoped to acquire Intel to strengthen its own business line, but this plan seems to be nearing collapse due to political factors and antitrust concerns.
Intel did not comment on the condition of limiting the sale of the division, while the US Department of Commerce, which oversees chip subsidy payments, stated that the Biden administration is negotiating control change terms with all subsidy recipients.
This seems to indicate that the Biden administration is further tightening the subsidy conditions for Intel, not only reducing the originally promised subsidy amount, but also showing signs of government intervention in corporate business decisions.
Previously, the Biden administration planned to provide Intel with up to $8.5 billion in subsidies.
This may also be related to Intel's long-standing financial predicament. The company recently reported the largest quarterly loss in its 56-year history, which is a blow to the Biden administration's ambition to revitalize the American chip manufacturing industry, as Intel has always been the most valued 'American bloodline' in that plan.
Editor / jayden
