Intel Secures $5.7 Billion U.S. Investment Deal as White House Finalizes Terms
Intel has confirmed receiving a $5.7 billion investment from the U.S. government, announced by CFO David Zinsner during an investor conference on Thursday. The funding, tied to the White House’s recent decision to take a 10% equity stake in the struggling chipmaker, comes as Intel explores additional outside investment opportunities for its semiconductor foundry division.
Despite reporting stronger-than-expected Q2 earnings on July 25, Intel’s shares dropped by 8% due to ongoing concerns about its foundry operations, which produce chips for external companies. Zinsner noted that the foundry business could attract new investors, providing another avenue to secure capital for growth.
White House press secretary Karoline Leavitt emphasized on Thursday that the Intel deal is still being finalized by the Department of Commerce, stating, “The details are being ironed out.”
In a recent corporate filing, Intel acknowledged that the agreement could trigger “adverse reactions” from stakeholders — including investors, employees, and even competitors — while also facing potential litigation and political scrutiny.
