He just nationalized Intel. That's what conservatives are afraid of far left governments doing.
this post was submitted on 24 Aug 2025
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Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.
For real, this just further cemented me not wanting to buy any new Intel devices.
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
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.
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.
Intel is a us corporate they do as the US spooks tell them to do.
That's national security laws.
Those worthless cunt traitors never acted in good faith. FFS, they willingly elected a child rapist.
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!
"Nationalized" with a heavy dose of quote marks. The government now owns about 10% of Intel in non-voting shares. It's basically meaningless.
I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company.
That i tried to get fired less than two weeks ago.
A ten percent stake in the company and suddenly those concerning Chinese ties Trump mentioned aren’t a thing.
Could you imagine how many times the word "socialism" would be blasted on Fox News if Biden did this?
"Free" market.
Release the Trump/Epstein files
The way This Guy capitalizes Random Words drives me INSANE.
If you wanna be president of the United States, you should at least learn the language.
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.
Fucking hilarious that this is party that starts seizing the means of production.
It was never, ever even once about states rights. It was never about fighting communism. It’s all racism, always has been.
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.
Somehow this is okay but bailing out GM was a problem.
Say goodbye to 10% of your tax dollars
What next, Volkswagen?
This is Small Government!
Now do that with Exxon Mobil, Chevron and ConocoPhillips
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?
The same way SEC stops market markers from manipulating the stocks ;)
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.
Better than giving away billions of dollars no string attached
How is it a great deal for Intel?
Also interested in seeing. I've had weekly reoccurring purchases of Intel since their bottom dropped. My investment probably shit the bed.