this post was submitted on 24 Aug 2025
293 points (97.7% liked)

Technology

74405 readers
2958 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
L4s@hackingne.ws
293
U.S. takes 10% stake in Intel as Trump flexes more power over big business (www.nbcnews.com)
submitted 22 hours ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world
49 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.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] pHr34kY@lemmy.world 9 points 13 hours ago (1 children)

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.

[โ€“] socialsecurity@piefed.social 2 points 8 hours ago

Better than giving away billions of dollars no string attached