Aug. 20 at 8:36 PM
The US gov wants ownership in exchange for CHIP $ and government grants. So t’s not just
$INTC. Which I know everyone’s already aware of. But it makes me want to consider a few things before I act further on this.
1) the CHIP act funding actually coming in entirely may become contingent on a “golden share,” some preferred ownership stake that a company “conjures” for this purpose, in order to get the CHIP money. If that’s what it takes, It wouldn’t be dilutive but it wouldn’t be shares being taken out of the float. We’ve been looking at it as a float thing due to MPs deal but MP wasn’t in need for gov $.
It’s still worth looking at which companies got the most CHIP $, and see if any are cheap or a bigger opportunity than others. Here’s what AI gave me for $ figures:
$INTC 8.5b plus 11b in loans.
$MU 6.5b
GFS 1.5b
$WOLF 750mil proposed in connection with NY and NC expansions
MCHP 162m
$ADI 105m proposed
$GLW 32m
Cheapest compared to a 2 year range are WOLF, INTC, and GFS.
