MADRID, 18 (EUROPA PRESS)
Intel shares fell more than 3% on Monday amid reports that the U.S. government could acquire a 10% stake in the chipmaker.
The technology company's shares fell 3.18% on the Nasdaq in New York at around 8:00 p.m. Spanish time, to $23.78 (€20.39).
According to Bloomberg, citing sources from both the White House and those familiar with the matter, the Trump administration is reportedly considering converting some or all of the subsidies granted to Intel under former President Biden's CHIPS and Science Act into equity.
As with the rest of the beneficiaries of this regulation, Intel's aid was designed to be disbursed over a period of time, always subject to milestones.
Intel had already received $2.2 billion ( €1.886 billion ) as of January, although it has been allocated a total of $10.9 billion (€9.346 billion). This amount, according to data provided by Bloomberg, would allow the government to gain a 10% stake in Intel.
It has not been disclosed whether the company has received additional disbursements since Trump took office in late January, nor whether the amount already granted would count toward the exchange.
Last week, news broke about the government's possible involvement in Intel to strengthen the manufacturing center it plans to build in Ohio. Intel had previously pledged to turn it into the world's largest chip plant, although the project has been delayed several times.
INTERVENTIONISM
In mid-July, the US rare earth company MP Materials announced the Pentagon's entry into its share capital with a 15% stake for $400 million (€342.3 million), as well as the investment of several billion more to build a mineral refinery.
The facility will generate 10,000 tons of magnetic and highly conductive materials per year. Although its location has not been revealed, it is expected to be completed by 2028 and serve both defense contractors and private sector players.
