The world is turning upside down! A move to nationalize private companies in the heart of capitalism, the US

Intel, once a global microprocessor giant, is facing very difficult times. The main reason for these difficulties is that the company was too late to develop data center processors, a new trend in the microprocessor market, and has lost market share. While graphics card manufacturer Nvidia, once underestimated by Intel, has become the biggest winner of this period, Intel, the company that ushered in the personal computer era, is consistently losing money.
This situation has led to two management changes in the last two years and several difficult downsizing decisions. Despite its difficult situation, Intel remains a significant player in the microprocessor market, and its demise could open up new markets for manufacturers in the Far East, particularly China.
That's why Intel has implemented the practice of the American government putting capital into a company to save it, something that was unthinkable just a few years ago.
Intel announced that it has reached a "historic" agreement with the Trump administration to accelerate the US's leadership in technology and manufacturing.
The statement said that under the terms of the agreement, the US government will invest $8.9 billion in Intel shares.
The government will buy 433.3 million shares of Intel at $20.47 per share, which equates to 9.9 percent of the company's shares, the statement said.
The government's investment in Intel will be a passive ownership, with no board representation or other management or information rights, the statement said.
The statement also stated that the government's stake will be financed with $5.7 billion in grants previously allocated to Intel under the "CHIPS and Science Act," which was implemented to increase domestic semiconductor production but not yet paid, and $3.2 billion allocated to the company.
US President Donald Trump also shared a post on the subject from his account on the US-based Truth Social social media platform.
“I am deeply honored to announce that the United States now fully owns and controls 10 percent of Intel, a great American company with an even more incredible future,” Trump said.
Stating that he negotiated the deal with Intel CEO Lip-Bu Tan, Trump said, "The US has not paid anything for these shares, and the shares are currently worth approximately $11 billion."
Trump emphasized that producing cutting-edge semiconductors and chips, like Intel, is important to the future of the United States.
Tele1