Trump administration blocks Intel’s planned unit sale

The Trump administration structured a deal to prevent Intel from selling its foundry business, TechCrunch reported.

According to reports, the US government decided to support Intel’s Foundry Services unit through public funding, but with strict limitations. Under these conditions, Intel won’t be allowed to sell the unit in the future.

Intel is receiving $8.5 billion in government funds to expand its chip manufacturing infrastructure. However, the administration is providing the funds only if they serve strong strategic interests.

With this decision, the administration aims to protect US chip production capacity from foreign influence. Experts suggest the restrictions may affect Intel’s future strategic flexibility.

Nodirbek Razzokov

Editor of «ZAMIN.UZ»