Intel's agreement with the US government incudes a clause that would allow the feds to take an additional five percent stake in the chipmaker if it ceases to have a controlling share in its foundry business.

Trump's administration last week took a 10 percent equity stake in the ailing semiconductor giant, taking Intel shares in exchange for the $5.7 billion in outstanding grants it had already been awarded under the CHIPS Act.

On Thursday, an Intel exec explained that the deal includes a clause to try and deter Chipzilla from selling off its lossmaking foundry division, by including a five-year warrant that allows Washington to take an additional five per cent of the company should it cease to own 51 percent of its silicon manufacturing facilities.

"It's a five-year warrant for what was

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