INTEL CORP (INTC) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that INTEL CORP surfaced in its latest filing.

• Transactions with the U.S. government during the third quarter of 2025, including equity issuances and amendment to the commercial CHIPS Act agreement, have limited accounting precedent and we have been unable to conclude a consultation with the SEC due to a government shutdown; if the SEC disagrees with our accounting treatment, we may materially revise our third quarter 2025 financial results.third quarter of 2025
• Accelerated CHIPS Act funds received from the U.S. government are connected to the issuance of equity securities to the U.S. government; the transactions eliminate contractual rights to receive future funds under the commercial CHIPS Act agreement in the form of a grant.
• The U.S. government is one of our largest stockholders (5.8% as of September 27, 2025) and may acquire additional shares (up to 3.2%) as shares are released from escrow upon Secure Enclave performance and disbursements.September 27, 2025
• The U.S. government may acquire additional shares (up to 4.8%) if we no longer control 51% of our foundry business within the next five years and the warrants are exercised.
• The U.S. government has agreed to vote its shares as recommended by our board of directors, subject to exceptions to protect its interests.