Trump says Intel has agreed to a deal for US to take 10% equity stake

[user nl]

Since the money was granted in 2022, shouldn't its value be calculated based on 2022's stock price?

It should be 5% at most.
And anther 5% option？
This is crazy.

From Motorola to Intel, Black Stone to Black Rock

From Motorola to Intel, Black Stone to Black Rock

Motorola, once a dominant force in telecommunications and semiconductors, saw its decline and eventual breakup due to strategic missteps, competitive pressures, and rapid technological shifts. Motorola Mobility was sold to Google in 2011 for $12.

www.linkedin.com

 

[user nl]

AMD is doing well but Global Foundries is not. We need Intel's foundry, not its fabless division.

Split Intel, merge IFS with UMC and GlobalFoundries in AT-Foundry Services, move some fab-engineers from UMC to IFS and let them fix-up IFS.

Will be a nice cultural&business merger to have Taiwan's second Foundry merge with what's left of Intel's Foundry people. Perhaps by now, Summer 2025, also more "second rate" people, where the best and brightest Intel Technology R&D and Fab people have left already during the last 3-5 years?

Start doing T-like foundry services for the GLOBAL fabless semi-industry and see that it slowly recuperates the coming 5-10 years.

And kick that whole Intel Board out, especially those financial "engineers" (aka dumb casino croupiers enabling to play blackjack with other people's money, a very fun intellectual game as that Nobel Laureate once said) like Chairman Darwin Yeary who approved (and shaped) all Intel's strategy since 2009!

Darwin's survival of the fittest has decided it's time for Yeary to be kicked off his "alpha-croupier-(Black)rock" and be converted to the semiconductor-ashes-of-history!

And for the marketing dumbos aka as Semi-Industry Strategic Visionairs Bessent, Lutnick and POTUS:

AT-Foundry Services means American Trump Foundry Services, or American-Taiwan Foundry Services, and Advanced Technologies Foundry Services and provides all of these names for the same price: Biden's chips-act money!

AT-FS provides everything from A18, Intel 7/4, and all the UMC & Global Foundry services, and many in a T-like co-developing eco-system!

Now Intel Board: bite the bullet while the crisis lasts, DO NOT WASTE this crisis, and then Get The F...out of the way!

PS Yeary: please wire 1% of Darwin's 2024-revenue as consulting fee commision to Dan@SemiWiki

 

[essiah]

Split Intel, merge IFS with UMC and GlobalFoundries in AT-Foundry Services, move some fab-engineers from UMC to IFS and let them fix-up IFS.

Will be a nice cultural&business merger to have Taiwan's second Foundry merge with what's left of Intel's Foundry people. Perhaps by now, Summer 2025, also more "second rate" people, where the best and brightest Intel Technology R&D and Fab people have left already during the last 3-5 years?

Start doing T-like foundry services and see that it slowly recuperates the coming 5-10 years.

And kick that whole Intel Board out, especially those financial "engineers" (aka dumb casino croupiers enabling to play blackjack with other people's money, a very fun intellectual game as that Nobel Laureate once said) like Chairman Darwin Yeary who approved (and shaped) all Intel's strategy since 2009!

Darwin's survival of the fittest has decided it's time for Yeary to be kicked off his "alpha-croupier-rock" and be converted to the dust-of-history!

And for the marketing dumbos aka as Semi-Industry Strategic Visionairs Bessent, Lutnick and POTUS:

AT-Foundry Services means American Trump Foundry Services, or American-Taiwan Foundry Services, and Advanced Technologies Foundry Services provides all of this for the same price: Biden's chips-act money!

AT-FS provides everything from A18, Intel 7/4, and all the UMC & Global Foundry services, and many in a T-like co-developing eco-system!

Now Intel Board: bite the bullet while the crisis lasts, DO NOT WASTE this crisis, and then Get The F...out of the way!

PS Yeary: please wire 1% of Darwin's 2024-revenue as consulting fee commision to Dan@SemiWiki

Not just intel board but the entire upper management of intel as well.

 

[user nl]

Short follow-up on AT-FS:

Revenue 2024 (US$): IFS 17.5 , GF 6.7 , UMC 6.5
so total 2024 revenue for AT-FS is 31 B-US$

So, a solid second place in the global ranking behind TSMC with 90 B-US$. So, AT-FS has about 33% of TSMC's revenue in 2024; seems OK for a merger starting in Jan 2026!

Appoint a dual CEO to AT-FS: Tim Breen and Jason Wang and let them shape AT-FS:

Tim Breen:

Tim Breen | GlobalFoundries

gf.com

Jason Wang: https://www.umc.com/en/Html/managem...rves as,& marketing, and customer engineering.

 

[tomatoma]

They do have options. But just as in the past 20+ years, those options are dismissed one by one, primarily because Intel insists on staying as an IDM.

Pat Gelsinger became Intel’s CEO on February 15, 2021, and was 'retired' on December 1, 2024. How many opportunities, time, and money were wasted between his hiring and departure in order to keep Intel as an IDM? The same excuses and repeated illusions are pushing Intel toward a point beyond recovery.

As I’ve said several times here on SemiWiki, Intel’s customers and competitors won’t wait. They’re moving forward at an accelerated pace, with or without Intel.

PAT is ineffective
Intel can't get over it anymore, even if Im stopped

 

[tomatoma]

Understood.

In my opinion the world needs alternatives for semiconductor manufacturing. For Intel Foundry to be competitive they need customer collaboration, as Apple provided TSMC for their FinFET generation of processes. So how does Intel get there?

A competent CEO is a good start. Intel has not had one since Andy Grove in my opinion but I think everyone can agree that BK and PatG were not. Hopefully we can also agree that Lip-Bu Tan is a competent CEO just given the last 5 months at Intel.

Proper financial backing. Lip-Bu seems to be doing a good job there. He certainly has plenty of experience in that space.

What is next?

BK is the worst

 

[tomatoma]

We need more real foundries, not half-baked IDM-owned foundries.

The AMD–GlobalFoundries split already provides an example of how Intel could separate its Product and Foundry businesses. It wasn’t perfect, but it worked and can be fine tuned for Intel.

Promoting public and/or private funding for these two independent businesses would be far more feasible than the current spaghetti-like, conflict-of-interest–infested Intel structure.

Intel has no future
Even if you separate it, it will be ruined

 

[siliconbruh999]

AMD is doing well but Global Foundries is not. We need Intel's foundry, not its fabless division.

unless you plan on killing the foundry and intel products you will get both

 

[hist78]

Here is an interesting tidbit for conspiracy theorists. Blackrock owns 8.9% of Intel stock:

PJT Partners acted as Intel’s exclusive financial advisor in connection with this investment agreement.

PJT Partners (NYSE: PJT) is a global, advisory-focused investment bank founded by Paul J. Taubman in 2015 when Blackstone spun off its advisory businesses and combined them with Taubman’s PJT Capital.

• Strategic Advisory — M&A, strategic capital markets, and shareholder advisory.
• Restructuring & Special Situations (RSSG) — liability management, distressed M&A, and Chapter 11 advisory.
• PJT Park Hill — capital raising and secondary advisory for alternative asset managers.

They’re headquartered in New York City (280 Park Ave) and operate internationally. In 2024 the firm reported record revenue of about $1.49B.

BlackRock began in 1988 as Blackstone’s fixed-income asset-management arm (initially called Blackstone Financial Management). It spun out and adopted the name “BlackRock” in the early 1990s (commonly dated to 1992). Blackstone then fully exited—selling its remaining stake to PNC in 1994–95—so there’s no ownership link today. BlackRock is now a giant public asset manager, while Blackstone is a separate public firm focused on private markets/alternatives.

Barbara G. Novick joined Intel Corporation’s board of directors in December 2022. Novick is an independent director.

She co-founded BlackRock Inc. in 1988 and continued as its vice chairman until February 2021, when she transitioned to senior advisor. From 1988 to 2009, Novick headed the Global Account Management Group at BlackRock and oversaw global business development, marketing and client service across equity, fixed income, liquidity, alternative investment and real estate products for institutional and individual investors and their intermediaries worldwide. In 2009, she established BlackRock’s Global Government Relations and Public Policy Group to provide a voice for investors, which she headed until 2021; and from 2018 to 2020, she additionally oversaw BlackRock’s Global Investment Stewardship team.

Novick has served since 2021 on the private company board of directors of New York Life Insurance Co., a mutual insurance company. She also serves on the boards of the Peterson Institute for International Economics, 100 Women in Finance, Committee on Capital Markets Regulation, and on the advisory boards of GrowthCurve Capital, a private equity firm, the Millstein Center for Global Markets and Corporate Ownership, and the Center for Financial Stability.

Novick earned a Bachelor of Arts, cum laude, in economics from Cornell University. She has authored numerous articles on asset management and public policy issues and over her career received numerous awards and accolades, including Barron’s 100 Most Influential Women in U.S. Finance in 2020 and Fixed Income Analysts Society’s (FIASI) Hall of Fame in 2023.

Barbara G. Novick

Barbara G. Novick joined Intel Corporation’s board of directors in December 2022.

newsroom.intel.com

 

[user nl]

Barbara G. Novick joined Intel Corporation’s board of directors in December 2022. Novick is an independent director.

She co-founded BlackRock Inc. in 1988 and continued as its vice chairman until February 2021, when she transitioned to senior advisor. From 1988 to 2009, Novick headed the Global Account Management Group at BlackRock and oversaw global business development, marketing and client service across equity, fixed income, liquidity, alternative investment and real estate products for institutional and individual investors and their intermediaries worldwide. In 2009, she established BlackRock’s Global Government Relations and Public Policy Group to provide a voice for investors, which she headed until 2021; and from 2018 to 2020, she additionally oversaw BlackRock’s Global Investment Stewardship team.

Novick has served since 2021 on the private company board of directors of New York Life Insurance Co., a mutual insurance company. She also serves on the boards of the Peterson Institute for International Economics, 100 Women in Finance, Committee on Capital Markets Regulation, and on the advisory boards of GrowthCurve Capital, a private equity firm, the Millstein Center for Global Markets and Corporate Ownership, and the Center for Financial Stability.

Novick earned a Bachelor of Arts, cum laude, in economics from Cornell University. She has authored numerous articles on asset management and public policy issues and over her career received numerous awards and accolades, including Barron’s 100 Most Influential Women in U.S. Finance in 2020 and Fixed Income Analysts Society’s (FIASI) Hall of Fame in 2023.

Barbara G. Novick

Barbara G. Novick joined Intel Corporation’s board of directors in December 2022.

newsroom.intel.com

This is her current job:
https://www.centerforfinancialstability.org/board.php?
Barbara G. Novick, Vice Chairman and co-founder, is a member of BlackRock's Global Executive Committee, Enterprise Risk Committee and Geopolitical Risk Committee. Prior to founding Blackrock in 1988, Ms. Novick was a Vice President in the Mortgage Products Group at the First Boston Corporation.

Writing papers like this one on the Silicon Valley Bank run: analyzing after it happened, why it happened, and what should be changed:
https://www.centerforfinancialstability.org/research/CFSRegPaper101623.pdf

Novick writes:
General Observations Monetary and fiscal policies have combined to create significant challenges for banks and their supervisors to ensure that risks associated with rapidly rising interest rates are properly managed – as discussed in our complementary paper.[3]
Since the completion of our work, various reviews of supervisory weaknesses associated with these failures have been generally consistent with the conclusions of our group. [4]

Her conclusions: The Supervisors failed!

Interesting how she completely failed in her supervising the strategy of INTEL, and couldn't even seduce her Wall Street buddies to dump another couple of 10s B US$ into INTEL banks account during Jan-July 2025.

No: Barbara Novick only managed to have the tax payer dump the Biden-money into INTEL, not asking for investments anymore, but allowing POTUS to pay only 20 US$ for an INTEL share, while Softbank had to pay 23 US$ at the same moment! Well that radiates some trust to your Wall Street buddies! Go find some more Wall Street suckers now.

I feel very sorry for Eric Meurice, who joined the INTEL board in Dec 2024, after all the disasters with INTEL had happened already for some 15+ years, and is now being asked to clean up the mess by joining the board:
https://newsroom.intel.com/biography/eric-meurice

@Eric:
A) you had a very good track-record by having ASML kick ass to Nikon and Canon, growing ASML and flawlessly handing over the baton to the fantastic succeeding co-presidents Peter Wennink and Martin vd Brink, who brought ASML to even further heights.

A) BITE the BULLIT, split INTEL and merge IFS with the other two pure-play-foundries, UMC & GF, who's top-people seem to have structured and run these pure-play-foundries in a focused and wise way.

B) Before you split INTEL, please kick out all the financial engineers from INTEL's board!

C) Retire nicely in France somewhere and enjoy playing with Legos and your grandchildren! Keeps the aging mind active and healthy!

 

[tomatoma]

This is her current job:
https://www.centerforfinancialstability.org/board.php?
Barbara G. Novick, Vice Chairman and co-founder, is a member of BlackRock's Global Executive Committee, Enterprise Risk Committee and Geopolitical Risk Committee. Prior to founding Blackrock in 1988, Ms. Novick was a Vice President in the Mortgage Products Group at the First Boston Corporation.

Writing papers like this one on the Silicon Valley Bank run: analyzing after it happened, why it happened, and what should be changed:
https://www.centerforfinancialstability.org/research/CFSRegPaper101623.pdf

Novick writes:
General Observations Monetary and fiscal policies have combined to create significant challenges for banks and their supervisors to ensure that risks associated with rapidly rising interest rates are properly managed – as discussed in our complementary paper.[3]
Since the completion of our work, various reviews of supervisory weaknesses associated with these failures have been generally consistent with the conclusions of our group. [4]

Her conclusions: The Supervisors failed!

Interesting how she completely failed in her supervising the strategy of INTEL, and couldn't even seduce her Wall Street buddies to dump another couple of 10s B US$ into INTEL banks account during Jan-July 2025.

No: Barbara Novick only managed to have the tax payer dump the Biden-money into INTEL, not asking for investments anymore, but allowing POTUS to pay only 20 US$ for an INTEL share, while Softbank had to pay 23 US$ at the same moment! Well that radiates some trust to your Wall Street buddies! Go find some more Wall Street suckers now.

I feel very sorry for Eric Meurice, who joined the INTEL board in Dec 2024, after all the disasters with INTEL had happened already for some 15+ years, and is now being asked to clean up the mess by joining the board:
https://newsroom.intel.com/biography/eric-meurice

@Eric:
A) you had a very good track-record by having ASML kick ass to Nikon and Canon, growing ASML and flawlessly handing over the baton to the fantastic succeeding co-presidents Peter Wennink and Martin vd Brink, who brought ASML to even further heights.

A) BITE the BULLIT, split INTEL and merge IFS with the other two pure-play-foundries, UMC & GF, who's top-people seem to have structured and run these pure-play-foundries in a focused and wise way.

B) Before you split INTEL, please kick out all the financial engineers from INTEL's board!

C) Retire nicely in France somewhere and enjoy playing with Legos and your grandchildren! Keeps the aging mind active and healthy!

GF is not wise

 

[Daniel Nenni]

I guess the USG now has a stake in Altera and Mobileye as well?

 

[tooLongInEDA]

I guess the USG now has a stake in Altera and Mobileye as well?

You think they've [US gov/Trump] thought that far ahead yet ? Who knows ?