The US government dropped the requirements for Intel chips

Intel no longer needs to meet certain requirements or fulfilling milestones that it originally acted under chips, now when the government takes a share in the company. Toward Wall Street JournalIntel said that he can now accept funds from the government, until he can show that he had already spent $ 7.9 billion on projects to take over under a concluded trading contract. Reuters Notes that Intel has already spent $ 7.87 billion on projects funded eligible chips.

In addition, the company does not have to share the percentage of the total cumulative cash flow that more projects are obtained with the Trade Department. No need to work during the work of chips and most other limitations must be observed. However, it still cannot use the funds received from the Government for dividends and for the purchase of shares.

If you remember, the government recently decided Get 10 percent of stake In Intel instead of continuing with its original chip actions. Previous President Donald Trump Invited for Intel CEO Lip-Bu tan To resign, encouraging the meeting between them that led to a new agreement. “He walked to want to keep his job and finished $ 10 billion for the United States,” Trump said. “So we picked up 10 billion.” Intel eventually announced that the US government would “make investments of $ 8.9 billion in Intel joint action”. The purchase will be made up of $ 5.7 billion is previously intended for Inteles as part of the Law on Chips, while the rest of the ($ 3.2 billion) will be assigned as part of the secure enclave program.

Intel CEO David Zinser Recently discovered If the company had already received $ 5.7 billion from the government on Wednesday night. The government was previously awarded Intel’s $ 2.2 billion of grants in the Law on Chips, bringing overall government involvement in the company at $ 11.1 billion.