US to Babysit Intel’s Foundry Like Distrustful Hall Monitor
In a deal that screams 'we don't trust you, buddy,' the U.S. government secured the right to grab more equity in Intel if the chip giant drops below 51% ownership of its foundry business. Yes, 51%—because apparently Intel holding less than half is like your friend who refuses to pay rent but still demands control over the thermostat. No specific dollar amounts have been disclosed, but one can imagine this deal has as many strings attached as a badly coded software update. The government’s role now is less 'gentle investor' and more 'hovering parent watching you swipe the cookie jar.'
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Intel’s foundry holding needs to stay majority-owned or the U.S. swoops in like a nosy ex checking your texts. What’s next? Government-approved snacks at corporate meetings?
Apparently, Intel’s foundry is now the chip world’s version of a toddler whose parents keep a hand on the leash. Stay above 51% or your freedom ends faster than your phone’s battery at 15%.
The U.S. government hitting Intel’s equity like it owes child support: 'Keep that 51% or we take a bigger slice.' There’s no friendship here, just financial tattling.
Source: Techcrunch | Published: 8/28/2025 | Author: Rebecca Szkutak
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