Intel Corp Enters Material Definitive Agreement

Ticker: INTC · Form: 8-K · Filed: 2024-11-27T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, definitive-agreement

Related Tickers: INTC

TL;DR

Intel just signed a big deal, details TBD.

AI Summary

Intel Corporation announced on November 25, 2024, that it has entered into a material definitive agreement. The filing does not disclose specific details of the agreement, the counterparty, or any associated financial figures.

Why It Matters

This filing indicates a significant new business arrangement for Intel, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and potential impact of the agreement.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement Intel Corporation entered into?

The filing does not specify the nature of the material definitive agreement.

Who is the counterparty to this material definitive agreement?

The filing does not disclose the name of the other party involved in the agreement.

When was the material definitive agreement entered into?

The agreement was entered into on November 25, 2024, which is the date of the earliest event reported.

Are there any financial terms or dollar amounts associated with this agreement disclosed in the filing?

No specific financial terms or dollar amounts related to the agreement are disclosed in this filing.

What is the purpose of this Form 8-K filing?

This Form 8-K is filed to report the entry into a material definitive agreement and for Regulation FD disclosure.

From the Filing

0000050863-24-000169.txt : 20241127 0000050863-24-000169.hdr.sgml : 20241127 20241127170019 ACCESSION NUMBER: 0000050863-24-000169 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20241125 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20241127 DATE AS OF CHANGE: 20241127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTEL CORP CENTRAL INDEX KEY: 0000050863 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 941672743 STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-06217 FILM NUMBER: 241512190 BUSINESS ADDRESS: STREET 1: 2200 MISSION COLLEGE BLVD STREET 2: RNB-4-151 CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 4087658080 MAIL ADDRESS: STREET 1: 2200 MISSION COLLEGE BLVD STREET 2: RNB-4-151 CITY: SANTA CLARA STATE: CA ZIP: 95054 8-K 1 intc-20241125.htm 8-K intc-20241125 0000050863 false 0000050863 2024-11-25 2024-11-27 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 25, 2024 INTEL CORPORATION (Exact name of registrant as specified in its charter) Delaware 000-06217 94-1672743 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.)   2200 Mission College Boulevard , Santa Clara , California 95054-1549 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (408) 765-8080 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.001 par value INTC Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).     Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ 1 Item 1.01      Entry into a Material Definitive Agreement. On November 25, 2024, Intel Corporation (“ Intel ”) entered into a direct funding agreement (the “ Direct Funding Agreement ”) with the U.S. Department of Commerce (the “ DOC ”) under which the DOC agrees to award Intel funding under the Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022 (the “ CHIPS Act ”). Under the Direct Funding Agreement, the DOC has agreed to award Intel up to $7.8 billion in direct funding and $65 million in workforce development funding (collectively, the “ Awards ”) related to (i) the construction, modernization, tool purchase and installation in, and operation of, twelve microchip fabrication facilities

View on Read The Filing