US Government Agrees To Take Intel Shares Worth IDR 144 Trillion

Photo: US Government takes Intel shares (photo: dock. Intel)

JAKARTA US President Donald Trump confirmed the US government's plan to take shares in Intel's company. This decision will change the CHIPS funding system.

This share-taking agreement came after Intel CEO Lip-Bu Tan met with President Trump some time ago. This meeting was also held because Trump urged Tan to step down from his position at Intel.

"He came with the desire to defend his post, but eventually gave us 10 billion dollars (Rp162 trillion) to the United States," Trump said at a FIFA press conference broadcast on YouTube. "So, we get 10 billion dollars."

After Trump made the statement, Intel provided details about the deal. In a press release, Intel stated that the government would invest 8.9 billion US dollars (Rp144 trillion) in ordinary shares.

This investment consists of 5.7 billion US dollars (Rp92 trillion) which was previously allocated to Intel through the CHIPS law and 3.2 billion US dollars (Rp 51.9 trillion) which is part of the Secure Enclave program.

Intel pun menambahkan bahwa investasi ini bersifatif. Sejalan dengan pernyataan Menteri Perdagangan AS Howard Lutnick beberapa waktu lalu, saham tersebut tidak memiliki hak suara.

For information, Tan was urged to resign from the CEO position by Trump and a number of senators because of his relationship with China. Tan is accused of having a conflict of interest with technology companies from China.

However, this accusation has been denied by Tan. The CEO of Intel has also met with Trump to discuss his background so that the US President believes he is not in any relations with Chinese technology companies.