business / news / / TNW
The United States government owns approximately 433 million shares of Intel, acquired last August for $8.9 billion at $20.47 per share.
The US government's accidental 9.9% Intel stake from CHIPS Act funds is now worth $36 billion.
KEY POINTS
- The government obtained Intel shares by converting $8.9 billion in grants at $20.47 per share.
- Lip-Bu Tan's leadership and Intel's 18A process turnaround caused a dramatic 300% stock surge.
- No exit plan or direct government management role exists for this unexpectedly lucrative equity stake.
- Nvidia invested $5 billion in Intel, despite its own paused 18A chip plans over yield concerns.
COMPANIES
Summarized by Newsio from TNW. How we summarize →