Free Quiz
Write for Us
Learn Artificial Intelligence and Machine Learning
  • Artificial Intelligence
  • Data Science
    • Language R
    • Deep Learning
    • Tableau
  • Machine Learning
  • Python
  • Blockchain
  • Crypto
  • Big Data
  • NFT
  • Technology
  • Interview Questions
  • Others
    • News
    • Startups
    • Books
  • Artificial Intelligence
  • Data Science
    • Language R
    • Deep Learning
    • Tableau
  • Machine Learning
  • Python
  • Blockchain
  • Crypto
  • Big Data
  • NFT
  • Technology
  • Interview Questions
  • Others
    • News
    • Startups
    • Books
Learn Artificial Intelligence and Machine Learning
No Result
View All Result

Home » Trump administration’s deal is based to prevent Intel from selling foundry unit

Trump administration’s deal is based to prevent Intel from selling foundry unit

Tarun Khanna by Tarun Khanna
August 29, 2025
in Artificial Intelligence
Reading Time: 2 mins read
0
Trump administration’s deal is based to prevent Intel from selling foundry unit

Photo Credit: https://techcrunch.com/

Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

The Trump administration looks intent on controlling Intel’s capacity to make main business decisions around its faltering foundry business unit.

According to reporting from the Financial Times, at a Deutsche Bank conference on Thursday, Intel’s CFO David Zinsner tell us new information about the corporation’s current deal with the Trump administration, which gave the U.S. government a 10% equity stake.

The deal was dependent in a manner to charge Intel if it spins out its foundry business unit, which makes custom chips for outside customers, in the next few years.

Also Read:

Huawei declares new Ascend chips, to power world’s most powerful clusters

New Research Highlights Scheming Risks in AI Models—and Promising Mitigation Methods

Mythos AI and lomarlabs set up sea-pilot AI assistance

Are AI Models on the Autism Spectrum? Exploring the Parallels

Last week’s deal consisted a 5 year warrant that would permit the U.S. administration to take an additional 5% of Intel, at $20 a share, if the corporation held less than 51% equity in its foundry business. Zinsner stated he anticipated that warrant to expire.

“I assume from the administration’s angle, they have been arranged with that; they didn’t want to see us take the business and spin it off or sell it to any somebody,” he stated

Zinsner delivered that the corporation received $5.7 billion in cash on Wednesday, because of remaining week’s deal, consistent with Reuters. (That cash comes from the last grants formerly awarded, however not but paid, to Intel under the U.S. CHIPS and Science Act.)

White House press secretary Karoline Leavitt told reporters these days that the deal became nonetheless being ironed out.

Intel declined to comment upon the deal beyond Zinsner’s remarks.

This deal structure is without a doubt a testimony to the Trump administration’s choice to bring more chip production to the US as many players in the field turn to Taiwan Semiconductor production Company’s offshore production instead.

But this warrant additionally forces Intel to maintain a business unit this is dropping money. Intel Foundry reported an operating income loss of $3.1 billion throughout the second quarter and has been a source of strife for the semiconductor business.

There were calls from analysts, board participants, and investors alike to spin out the struggling foundry unit, which seemed like it would might actually happen last fall, earlier than Intel Foundry’s architect, former CEO Pat Gelsinger, retired suddenly in December.

ShareTweetShareSend
Previous Post

U.S. Commerce Dept Partners with Chainlink to Bring Macro Data Onchain – Crypto Adoption escalating?

Next Post

Binance Gets New APAC Head to Oversee Regulatory Engagement

Tarun Khanna

Tarun Khanna

Founder DeepTech Bytes - Data Scientist | Author | IT Consultant
Tarun Khanna is a versatile and accomplished Data Scientist, with expertise in IT Consultancy as well as Specialization in Software Development and Digital Marketing Solutions.

Related Posts

NASA Tests AI “Doctor” to help Astronauts on Future Mars Missions
Artificial Intelligence

NASA Tests AI “Doctor” to help Astronauts on Future Mars Missions

September 15, 2025
Switzerland introduces Apertus, a Fully Open AI Model for Research and Industry
Artificial Intelligence

Switzerland introduces Apertus, a Fully Open AI Model for Research and Industry

September 10, 2025
3 Questions: The pros and cons of synthetic data in AI
Artificial Intelligence

3 Questions: The pros and cons of synthetic data in AI

September 4, 2025
AI hacking device exploits zero-day safety vulnerabilities in minutes
Artificial Intelligence

AI hacking device exploits zero-day safety vulnerabilities in minutes

September 3, 2025
Next Post
Binance Gets New APAC Head to Oversee Regulatory Engagement

Binance Gets New APAC Head to Oversee Regulatory Engagement

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

55 − 49 =

TRENDING

Vietnam Just Legalized Crypto — Here’s What the New Law Actually Says

Vietnam Just Legalized Crypto — Here’s What the New Law Actually Says

Photo Credit: https://cryptonews.com/

by Tarun Khanna
June 16, 2025
0
ShareTweetShareSend

Study could lead to LLMs that are better at complex reasoning

Study could lead to LLMs that are better at complex reasoning

Photo Credit: https://news.mit.edu/

by Tarun Khanna
July 11, 2025
0
ShareTweetShareSend

Politicians’ memecoins, dropped court cases fuel crypto ‘crime supercycle’

Politicians’ memecoins, dropped court cases fuel crypto ‘crime supercycle’

Photo Credit: https://cointelegraph.com/

by Tarun Khanna
June 20, 2025
0
ShareTweetShareSend

Why Augmented Data Analytics Is The Future Of Business Intelligence?

data analytics is the future of Business Intelligence
by Tarun Khanna
March 19, 2021
0
ShareTweetShareSend

Why is Artificial Intelligence the Future of Growth?

Why-is-Artificial-Intelligence-the-Future-of-Growth
by Ritam Chattopadhyay
January 10, 2022
0
ShareTweetShareSend

“Periodic table of machine studying” could fuel AI discovery

“Periodic table of machine studying” could fuel AI discovery

Photo Credit: https://news.mit.edu/

by Tarun Khanna
April 30, 2025
0
ShareTweetShareSend

DeepTech Bytes

Deep Tech Bytes is a global standard digital zine that brings multiple facets of deep technology including Artificial Intelligence (AI), Machine Learning (ML), Data Science, Blockchain, Robotics,Python, Big Data, Deep Learning and more.
Deep Tech Bytes on Google News

Quick Links

  • Home
  • Affiliate Programs
  • About Us
  • Write For Us
  • Submit Startup Story
  • Advertise With Us
  • Terms of Service
  • Disclaimer
  • Cookies Policy
  • Privacy Policy
  • DMCA
  • Contact Us

Topics

  • Artificial Intelligence
  • Data Science
  • Python
  • Machine Learning
  • Deep Learning
  • Big Data
  • Blockchain
  • Tableau
  • Cryptocurrency
  • NFT
  • Technology
  • News
  • Startups
  • Books
  • Interview Questions

Connect

For PR Agencies & Content Writers:

connect@deeptechbytes.com

Facebook Twitter Linkedin Instagram
Listen on Apple Podcasts
Listen on Google Podcasts
Listen on Google Podcasts
Listen on Google Podcasts
DMCA.com Protection Status

© 2024 Designed by AK Network Solutions

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Artificial Intelligence
  • Data Science
    • Language R
    • Deep Learning
    • Tableau
  • Machine Learning
  • Python
  • Blockchain
  • Crypto
  • Big Data
  • NFT
  • Technology
  • Interview Questions
  • Others
    • News
    • Startups
    • Books

© 2023. Designed by AK Network Solutions