Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.

Yup. They also rewrote national broadband funding criteria so starlink would win most of the state contracts for funding. If the states are stupid enough to take it, the Elon Musk will own their citizens internet. Colorado just announced Starlink won half of all the contracts and Amazon the other half(I didn't even know Amazon provided Internet holy terrifying):

You may experience difficulty connecting to some web domains and your homepage has been preselected for you. Your monthly history will be reviewed and unpatriotic web usage will result in detainment or deportation.

Congratulations on your Freedom!

Those worthless cunt traitors never acted in good faith. FFS, they willingly elected a child rapist.

"Nationalized" with a heavy dose of quote marks. The government now owns about 10% of Intel in non-voting shares. It's basically meaningless.

10% is not "nationalized". It's "19.99% nationalized". Need to have a majority stake (like 50.01%) to call it "nationalized".

Or maybe I'm wrong.

I mean, no. Owning a 10% stake is not nationalisation.

Trump says US will take 10% stake in Intel because CEO wants to “keep his job”

Literallt extortion.

It wouldn't, they are one big criminal family after all.

They are open enough about thinking some kind of late USSR, fixed against its deadlocks and broken feedback, would be the best system for them. I mean, having a one party system is very attractive, LOL.

And yeah, that crowd is about seizing whatever they want to build their idea of a better nation, with re-industrializing and so on. There are pits on the road, though.

And, honestly, never in history were many US politicians willing for the USSR to die as it did. They would, of course, ridicule the broken system and ideology, but the whole idea seemed more understandable than most European nations. And flattering.

It was never, ever even once about states rights. It was never about fighting communism. It’s all racism, always has been.

It's honestly funny, so - in Eastern Europe, when comparing ourselves to the USA, it's very easy to get sympathetic to these points. Also to color blindness and being against affirmative action, and such.

Because information travels non-linearly. From here many people really think that the racism problem is solved in the US, and it's just lazy Blacks not willing to work honestly, and that last point is racist, but if you say that American racists still think it's wrong for a white person to marry a black person, those same people won't believe you, it's not part of their own kind of racism, or that American racists actually exist in huge enough numbers, they think it's like calling others fascists here, something devalued by common usage. They'd be livid.

So - what I'm thinking is that USSR's dead hand was, in fact, not its nuclear shield, but its ideology and state architecture, and some people want to break their own bad, but functional system in favor of their imaginary picture of USSR. Which is just as detached from reality. USSR's checks and balances had a downside of stalling development and conserving the balance of power, nothing big got actually done. It would seem that they might actually come to the same result with far less blood, jump to 1960s USSR without a passing through 1920s-1950s, but wasting a few decades on that with a pretty clear end result would seem a bad idea.

That's about political systems, arguing against my imagination on what they think. With re-industrialization I agree completely. In general, oursourcing labor is directly opposed to labor rights, and labor rights are what guarantees political rights.

Us Treasury is providing capital... Hardly seizing anything.

Maybe if intel was ran into the ground by idiots. They wouldn't need to be bailed out by feds.

Since Wall Street, never really was.

Also "Thank you for your attention to this matter." has such "Facebook local area group" energy, like a Boomer shouting into the void about teenagers always loitering at the bus stop.

Isn't he mimicking the typography of oldish "wild west style" newspapers and other print? Both with different fonts, and varying capitalization, and sizes. Yelling at you from monochrome photos.

(Never been in the USA.)

... Dick ...

The United States paid nothing for these shares

They don't call it the The Immortal Science for nothin'

If you had been sued as often as this guy, you'd probably be muttering random legalese in your sleep and unconsciously letting it leech into your vocab, too

Probably heard it once and thought it was cool or saw a couple of memes with it and now it’s his brain worm.

I wish he would say, “And God have mercy on our souls.”

Oh i've been buying AMD for a while because Intel has been rudderless for ages

I missed something, what did Intel get in return for 10% of their company?

As far as government bail outs go, I think taking a portion of the company in exchange is an excellent idea. THIS orange asshole is doing it for all the wrong reasons, and will VERY likely fuck up literally everything about it, but the idea is sound.

I wonder what things would look like today if the government had taken some portion of control over all the auto manufacturers, airlines, banks, etc it has bailed out over the years instead of just giving them unsecured loans

Yes, but also because they're just better chips and you probably should have only been getting them to begin with. Way more power efficient, smaller process, less heat, easier to upgrade, better multi core performance, lower price; you just get a better CPU.

Better than giving away billions of dollars no string attached

They settled for Tesla.

When Biden was president the Democrats passed the Chips Act, which has grants for chipmakers to build in the US. When Trump took power he basically stopped issuing these grants to companies that were set to get them.

My understanding is that basically Intel will give 10% of itself if Trump stops blocking the grants it was already set to get. I guess Intel's thinking is that if they make the US a part owner, then Trump won't obstruct the company so much.

This might sound like good news (kind of) in that the government is getting equity in return for the money, but I doubt Trump will enforce the original requirements and purpose of the grants, so Intel probably won't end up finishing many of the factories it was supposed to build. It also sets a precedent that you can't rely on goverment grants to do things as future parties may change the terms of the deal retroactively, even after you already started.

The stake will be paid for through $5.7 billion in grants previously awarded to Intel under the 2022 U.S. CHIPS and Science Act, plus $3.2 billion awarded to the company as part of a program called Secure Enclave. It’s a formerly classified initiative that Congress appropriated funds for in 2024 after lobbying by Intel, Politico reported in 2024.

Including $2.2 billion in CHIPs grants Intel has received so far, the total investment is $11.1 billion, or 9.9%. Intel is valued at about $108 billion on the stock market.

Also interested in seeing. I've had weekly reoccurring purchases of Intel since their bottom dropped. My investment probably shit the bed.