Intel

• A blockchain token designed to track the price of Intel Corporation (NASDAQ: INTC).

• It is not a share. Holding the token does not confer ownership of the company, voting rights, or a direct claim against it.

• It offers fractional, round-the-clock price exposure without opening a foreign brokerage account.

• Founded: 1968

• Headquarters: Santa Clara, California, United States

• CEO: Lip-Bu Tan (since March 2025)

• Listed on: Nasdaq (INTC)

• Sector: Semiconductors

• Intel designs and manufactures processors and is one of the few chip firms that still owns its fabrication capacity.

• It is attempting to build a contract foundry business to compete with TSMC.

• It has lost significant share in both client and server processors and is in a costly turnaround, backed since 2025 by a roughly 10% US government equity stake alongside investments from Nvidia and SoftBank.

• Client Computing Group sells PC processors and is the largest revenue source.

• Data Center and AI sells Xeon server processors.

• Intel Foundry manufactures chips for Intel and aims to win external customers.

• It also holds a majority stake in Mobileye.

• You get price exposure to the underlying instrument.

• You do not get shareholder voting rights.

• Dividend or distribution treatment depends on the issuer's structure and is often not passed through.

• You take on issuer and custodian risk in addition to the price risk of the underlying.

Pros:

• It is one of few companies with leading-edge US manufacturing.

• US government, NVIDIA and SoftBank investments strengthen its balance sheet.

• New process nodes could restore competitiveness if delivered on schedule.

Cons:

• It has lost share in PCs and servers.

• The foundry business needs external customers to be viable.

• Heavy capital spending has produced losses.

• Counterparty risk: if the issuer or custodian fails, the backing may not be recoverable.

• Tracking risk: the token price can diverge from the underlying, particularly outside US market hours when the underlying does not trade.

• Liquidity risk: on-chain liquidity is thinner than the underlying market, so spreads can widen sharply.

• Regulatory risk: India does not yet have a settled framework for tokenised equities, and tax treatment remains unclear.

• Price risk specific to the underlying instrument.