Trump tweet:
It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.
Wasnt it Japan who, once again, bailed Big Sam on this issue?
“Free” market.
Since Wall Street, never really was.
Functionally, there’s no such thing. In a system that gives the most power to the company that makes the most money, that company will seek to maximize its profits. Part of maximizing profits is eliminating competition. So in a “free” market, the most successful will subvert the freedom of their competition thus eliminating the freedom in the market.
Self-correction in a market is an illusion crafted people either desperate to salvage a broken system, or those who seek to exploit them.
Lol at all the conservatives screeching about “socialism” and “communism” and how they will be the downfall of our country, then slurping up Trump nationalizing part of Intel 🤣
They don’t believe in anything, just brain dead simpleton cultists who would happily stick their tongue into a rat trap if Trump told them to do it.
Are you happy now, communists? We’re nationalizing companies.
yeah I have no idea what the fuck is happening anymore. the GOP is full pedo-junta on business…
So, I haven’t checked project 2025, but there is a Christian nationalist plan that wants to take over everything called Seven Mountains Mandate. You can just read the link, but the idea is to take over what they consider all major parts of society, including business and have a Christian Dominion.
yeah they’re fuckin nutso too. fml
They don’t call it the The Immortal Science for nothin’
Release the Trump/Epstein files
so, AMD for me from now on then.
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.
Note that better multicore perf is not true through the entire stack, because Intel chips have p core making them have better multicore perf in a lot of price-competitive offerings.
But the current platform is quite dead, you won’t get upgrades for it
P cores give them better single core performance. But in parallel computing AMD has the advantage and has defended it for a long time now.
I meant e-cores
Years of failed management rewarded with government bailout.
I missed something, what did Intel get in return for 10% of their company?
Your tax money
Right when I was thinking of buying an intel cpu and gpu to support the company and do my little part in helping increase competition in the cpu and gpu sector. Guess I will stick with amd this time around.
Now do that with Exxon Mobil, Chevron and ConocoPhillips
The United States will not seek direct representation on Intel’s board
If they want change, they don’t to vote on the board. They can just pass laws in Intel’s favour.
Taxpayers are now all Intel shareholders. I can’t understand what benefit this provides them.
Say goodbye to 10% of your tax dollars
buying stock with the people’s money just in time for a recession
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
you raise interesting questions. how do you stop some asshole president from using infinite taxpayer money to manipulate the price of a stock?
I don’t know if you’ve noticed, but they already do that with zero government money.
I expect all the ML people to be celebrating this move towards socialism. Such a shit move but a shit admin.
