"Under new CEO Lip‑Bu Tan, and bolstered by government and private investment, the tech company is pursuing an ambitious turnaround. "We took meaningful steps this quarter to strengthen our balance sheet, including accelerated funding from the U.S. government and investments by Nvidia and SoftBank Group that increase our operational flexibility and demonstrate the critical role we play in the ecosystem," Intel CFO David Zinsner said Thursday in a statement accompanying the company's Q3 2025 earnings report."
"In an unprecedented deal announced in August, Intel agreed to transfer 9.9% of its stock to the federal government in exchange for $8.9 billion in funding. The government will not participate in Intel's governance or claim a board seat. Still, the move has raised eyebrows among analysts and investors who worry it could mark a new era of direct state intervention in private industry, Reuters reported."
Intel reported Q3 2025 revenue of $13.7 billion, up about 3% year-over-year, and non-GAAP earnings per share of $0.23, both ahead of analyst expectations. The company guided Q4 2025 revenue between $12.8 billion and $13.8 billion. The firm received accelerated U.S. government funding and investments from Nvidia and SoftBank Group that improved balance-sheet flexibility. In August Intel agreed to transfer 9.9% of its stock to the federal government for $8.9 billion, without government governance rights. Nvidia committed $5 billion and agreed to buy part of jointly produced chips, aligning Intel with GPU-led AI computing trends.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]