Trump: I paid zero for Intel. It is worth approxiamately $11B | investingLive

The question is “Is it a shake down?” or a great deal?.

Cramer was on CNBC saying Intel had little choice—without the deal, they wouldn’t have gotten CHIPS Act money. The bigger question is whether the funding will really matter. Can Intel pull out of its downward spiral even with billions in support? At the end of the day, it’s about selling products and competing in markets where they’ve clearly fallen behind.

Sure, Intel still sells chips—my own computer has one—but the battleground now is against Nvidia and others where Intel’s edge has eroded. So far, they’ve received $2.2 billion from what’s ultimately an $8.5 billion grant. And if 10% of Intel is valued at $11 billion, that’s a great deal today if you could sell the stake.

If Intel manages a turnaround, it could end up being a massive win. If not, expect plenty of finger-pointing—Biden will wear the blame.