The Trump administration seems intent on controlling Intel’s ability to make key business decisions around its floundering foundry business unit.
According to reporting from the Financial Times, at a Deutsche Bank conference on Thursday, Intel’s CFO David Zinsner shared new details about the company’s recent deal with the Trump administration, which gave the U.S. government a 10% equity stake.
The deal was structured in a way to penalize Intel if it spins out its foundry business unit, which makes custom chips for outside customers, within the next few years.
Last week’s deal included a five-year warrant that would allow the U.S. government to take an additional 5% of Intel, at $20 a share, if the company held less than 51% equity in its foundry business. Zinsner said he expects that warrant to expire.
“I think from the government’s perspective, they were aligned with that; they didn’t want to see us take the business and spin it off or sell it to somebody,” he said.
Zinsner added that the company received $5.7 billion in cash on Wednesday, as a result of last week’s deal, according to Reuters. (That cash comes from the remaining grants previously awarded, but not yet paid, to Intel under the U.S. CHIPS and Science Act.)
White House press secretary Karoline Leavitt told reporters today that the deal was still being ironed out.
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Intel declined to comment on the deal beyond Zinsner’s remarks.
This deal structure is clearly a testament to the Trump administration’s desire to bring more chip manufacturing to the United States as many players in the industry turn to Taiwan Semiconductor Manufacturing Company’s offshore manufacturing instead.
But this warrant also forces Intel to keep a business unit that is losing money. Intel Foundry reported an operating income loss of $3.1 billion during the second quarter and has been a source of strife for the semiconductor business.
There have been calls from analysts, board members, and investors alike to spin out the struggling foundry unit, which looked like it might actually happen last fall, before Intel Foundry’s architect, former CEO Pat Gelsinger, retired suddenly in December.
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![‘Project Hail Mary’ Won’t Be Coming to Streaming Any Time Soon
With all the excitement of movies to come this week thanks to CinemaCon, it was almost easy to forget that MGM provided an interesting update on one of our favorite movies of the year that’s already out: Project Hail Mary will head back to IMAX theaters this weekend for an extended theatrical run. But that extension also means one thing: you’ll have to wait to stream it at home for a good while longer. During its presentation at CinemaCon this week MGM confirmed that Phil Lord and Chris Miller’s sci-fi hit would make its return to IMAX screens for a limited-time, one-week run starting this weekend, a move that will likely inch Project Hail Mary ever closer to crossing the $600 million box office mark. But to put a finer point on the news, Miller took to Twitter yesterday to confirm specifically that the extension means you won’t be able to watch the film at home for the forseeable future.
We announced yesterday that MGM is extending the exclusive theatrical window for PROJECT HAIL MARY so it won’t be on streaming anytime soon. This is a movie that needs to be seen on a big screen – and w a full return to IMAX screens for 1 week only starting this weekend, make… https://t.co/suK8NYpgWM — Christopher Miller (@chrizmillr) April 16, 2026 “It won’t be on streaming any time soon,” Miller’s tweet reads in part. “This is a movie that needs to be seen on a big screen […] Bring friends and loved ones. It’s an experience to share with others.” Project Hail Mary launched on March 20, so it’s not too surprising that it’s not headed home just yet—it’s just shy of a month into its theatrical window, which has now been extended by at least another week with the return to IMAX. But as studios begin to try realigning towards more theatrical releases with longer exclusivity windows again (one of the lingering aftereffects of covid’s impact on movie theaters), we should probably expect some of the biggest films of the year and beyond to try and hold off of hitting streaming for as long as they can.
At least in Project Hail Mary‘s case, you can still go and see it somewhere, even if it’s not at home. Good things come to those who wait, but for now, you can head to a movie theater to get your fix again. Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who. #Project #Hail #Mary #Wont #Coming #Streaming #TimeAmazon MGM,Project Hail Mary,Streaming ‘Project Hail Mary’ Won’t Be Coming to Streaming Any Time Soon
With all the excitement of movies to come this week thanks to CinemaCon, it was almost easy to forget that MGM provided an interesting update on one of our favorite movies of the year that’s already out: Project Hail Mary will head back to IMAX theaters this weekend for an extended theatrical run. But that extension also means one thing: you’ll have to wait to stream it at home for a good while longer. During its presentation at CinemaCon this week MGM confirmed that Phil Lord and Chris Miller’s sci-fi hit would make its return to IMAX screens for a limited-time, one-week run starting this weekend, a move that will likely inch Project Hail Mary ever closer to crossing the $600 million box office mark. But to put a finer point on the news, Miller took to Twitter yesterday to confirm specifically that the extension means you won’t be able to watch the film at home for the forseeable future.
We announced yesterday that MGM is extending the exclusive theatrical window for PROJECT HAIL MARY so it won’t be on streaming anytime soon. This is a movie that needs to be seen on a big screen – and w a full return to IMAX screens for 1 week only starting this weekend, make… https://t.co/suK8NYpgWM — Christopher Miller (@chrizmillr) April 16, 2026 “It won’t be on streaming any time soon,” Miller’s tweet reads in part. “This is a movie that needs to be seen on a big screen […] Bring friends and loved ones. It’s an experience to share with others.” Project Hail Mary launched on March 20, so it’s not too surprising that it’s not headed home just yet—it’s just shy of a month into its theatrical window, which has now been extended by at least another week with the return to IMAX. But as studios begin to try realigning towards more theatrical releases with longer exclusivity windows again (one of the lingering aftereffects of covid’s impact on movie theaters), we should probably expect some of the biggest films of the year and beyond to try and hold off of hitting streaming for as long as they can.
At least in Project Hail Mary‘s case, you can still go and see it somewhere, even if it’s not at home. Good things come to those who wait, but for now, you can head to a movie theater to get your fix again. Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who. #Project #Hail #Mary #Wont #Coming #Streaming #TimeAmazon MGM,Project Hail Mary,Streaming](https://gizmodo.com/app/uploads/2026/04/project-hail-mary-ryan-gosling-1280x853.jpg)
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