Intel Required To Keep Control of Foundries Under $7.9 Billion Chips Act Deal

29-11-24 06:30	Slashdot
Intel Required To Keep Control of Foundries Under $7.9 Billion Chips Act Deal Intel must maintain majority control of its foundries as a condition of receiving $7.86 billion in U.S. CHIPS Act funding, according to terms disclosed in a regulatory filing [PDF]. The semiconductor giant will need to keep at least 50.1% ownership if the foundry unit is spun off privately, while no single shareholder can hold more than 35% of shares if it goes public unless Intel remains the largest stakeholder. The restrictions, which also require Intel to remain a customer, come as the compan... Read the full article on Slashdot »
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Intel Required To Keep Control of Foundries Under $7.9 ... 29-11-24 06:30