Intel just got $5.7B from the US government — but Trump could block foundry spinoff

The Intel Corporation logo is being displayed on a smart phone in this photo illustration in Brussels, Belgium, on January 28, 2024. (Photo illustration by Jonathan Raa/NurPhoto via Getty Images).

Despite Intel and the US government working out the details of their landmark deal, billions of dollars have already changed hands. Intel Finance Chief David Zinsner shared that the US government recently paid $5.7 billion to Intel.

Last week, Intel and the US government reached an agreement that sees the government invest $8.9 billion into the chipmaker. As part of the deal, the government will hold a 9.9% stake in Intel.