171–180 of 765 posts
Genuine question- How does Govt picking winners and losers going to help? Intel is no Too big to fail Bank. Why save Intel of all chip manufacturers? Wouldnt it be like 25 years too late, with Intel and its heydays !? Would Govt now ensure parity by investing in "marquee" entities across different industrial domains?
Yeah why not fund a new foundry startup?
It's a terrible idea
i remember when this happened during an actual crisis, in 2008, republicans all over cried on the radio day after day, arguing that it's socialiasm. But now, crickets!!
Exactly! I know there's a lot of Trumpers/MAGAs on HN, so I'm sincerely asking them: How is this not the evil thing you guys constantly lecture us about (socialism!)?
I despite/abhor this administration and their politics, but this is a good move. There should be more privatization where national interests are involved. Instead of the ACA for example,the government could have taken a 51% stake in health insurers (forget subsidizing them, own them!) and we the voters would elect politicians to oversee health insurance instead of hoping and trusting CEOs. So many problems are caused…
Intel press release: https://newsroom.intel.com/corporate/intel-and-trump-adminis...
So no shareholder vote required? It is equivalent to a 10% dilution (shares issued for no extra cash).
> "The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars,” President Trump wrote" This wasn't any sort of investment, it was blackmail. No corporation in the country would voluntarily give up 10% of the company to the federal government - for free - unless overtly threatened. The Trump administration is hoping that by exerting control over Intel, it can be…
Ironic, Western politicians thought opening up to trade with China would lead to it adopting a Western model of government. Instead it's lead to the USA adopting the Chinese one.
Ironic, Western politicians thought opening up to trade with China would lead to it adopting a Western model of government. Instead it's lead to the USA adopting the Chinese one.
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