Intel says it received $5.7 billion in Trump deal

Intel has received $5.7 billion from the US government as part of a deal related to the White House's decision to acquire 10% of the company's shares. CFO David Zinser confirmed this at a conference call for investors, CNBC reports.

Zinser said Intel could also bring in outside investors to its foundry division, which makes microchips for other companies, which he said would provide additional funding for the development of that area.

Although the company reported better-than-expected second-quarter results, its shares fell 8% on concerns about the future of its foundry business, which is seen as key to Intel's recovery in the global market.

White House Press Secretary Caroline Levitt emphasized that the agreement is still being negotiated and the details are being finalized.

However, Intel warned in a corporate report that working with the US government could trigger a backlash from investors, employees, customers, partners and even foreign governments. In addition, the company does not rule out lawsuits and increased political or public pressure.

Thus, while the investment should provide financial support for Intel, it comes with risks and uncertainties.

Recall, the day before it also became known that SoftBank is investing $2 billion in Intel amid the company's restructuring.