this post was submitted on 24 Aug 2025
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257
U.S. takes 10% stake in Intel as Trump flexes more power over big business (www.nbcnews.com)
submitted 13 hours ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world
35 comments fedilink hide all child comments
 

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.

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[–] Xaphanos@lemmy.world 107 points 13 hours ago (4 children)

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

[–] zod000@lemmy.dbzer0.com 41 points 12 hours ago

For real, this just further cemented me not wanting to buy any new Intel devices.

[–] UnfortunateShort@lemmy.world 23 points 12 hours ago (1 children)

Their biggest problem is that people don't want to buy their stuff because it's bad, they can worry about their backdoory image later

[–] mushroommunk@lemmy.today 13 points 12 hours ago

Honestly this. Their cpus melting down over the past couple years and their refusal to even acknowledge it hurt their image more than any potential backdoor could.

[–] frazw@lemmy.world 15 points 10 hours ago

Intel never deserved trust. They rigged the game by cheating on benchmark tests and deserve the karma they are currently enjoying.

I guess the average consumer would not be very aware of Intel being so shitty, but now everyone has a reason to be wary of them.

[–] socialsecurity@piefed.social 1 points 51 minutes ago

Intel is a us corporate they do as the US spooks tell them to do.

That's national security laws.