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Trump administration’s deal is structured to prevent Intel from selling foundry unit
The deal allows the U.S. to take more equity in Intel if the company doesn't retain at least 51% ownership in its foundry business.
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 added that the company received $5.7 billion in cash on Wednesday, as a result of last week’s deal, according to Reuters. Intel Foundry reported an operating income loss of $3.1 billion during the second quarter and has been a source of strife for the semiconductor business.
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