The Trump administration seems intent on controlling Intel’s ability to make key business decisions around its floundering foundry business unit.
Intel’s CFO David Zinsner shared new details about the company’s recent deal with the Trump administration, which gave the U.S. government a 10% equity stake , at a Deutsche Bank conference on Thursday, according to reporting from the Financial Times .
The deal was structured in a way to penalize Intel if it spins out its foundry business unit, which makes custom chips for outside customers, within the next few years.
Last week’s deal included a five-year warrant that would allow the U.S. government to take an additional 5% of Intel, at $20 a share, if the company held less than 51% equity in its foundry business. Zinsner said he expects t