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.
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’
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.
They are open enough about thinking some kind of late USSR, fixed against its deadlocks and broken feedback, would be the best system for them. I mean, having a one party system is very attractive, LOL.
And yeah, that crowd is about seizing whatever they want to build their idea of a better nation, with re-industrializing and so on. There are pits on the road, though.
And, honestly, never in history were many US politicians willing for the USSR to die as it did. They would, of course, ridicule the broken system and ideology, but the whole idea seemed more understandable than most European nations. And flattering.
It was never, ever even once about states rights. It was never about fighting communism. It’s all racism, always has been.
It’s honestly funny, so - in Eastern Europe, when comparing ourselves to the USA, it’s very easy to get sympathetic to these points. Also to color blindness and being against affirmative action, and such.
Because information travels non-linearly. From here many people really think that the racism problem is solved in the US, and it’s just lazy Blacks not willing to work honestly, and that last point is racist, but if you say that American racists still think it’s wrong for a white person to marry a black person, those same people won’t believe you, it’s not part of their own kind of racism, or that American racists actually exist in huge enough numbers, they think it’s like calling others fascists here, something devalued by common usage. They’d be livid.
So - what I’m thinking is that USSR’s dead hand was, in fact, not its nuclear shield, but its ideology and state architecture, and some people want to break their own bad, but functional system in favor of their imaginary picture of USSR. Which is just as detached from reality. USSR’s checks and balances had a downside of stalling development and conserving the balance of power, nothing big got actually done. It would seem that they might actually come to the same result with far less blood, jump to 1960s USSR without a passing through 1920s-1950s, but wasting a few decades on that with a pretty clear end result would seem a bad idea.
That’s about political systems, arguing against my imagination on what they think. With re-industrialization I agree completely. In general, oursourcing labor is directly opposed to labor rights, and labor rights are what guarantees political rights.
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.
They were already providing capital without the seizure. So yeah, this is seizing.
Intel was free to refuse the money
Why does he always close with “Thank you for your attention to this matter”? Does he think he’s got his big boy pants on or something?
Until I read your comment, I thought this was satire and not the actual tweet. What in the fuck
I wish he would say, “And God have mercy on our souls.”
If you had been sued as often as this guy, you’d probably be muttering random legalese in your sleep and unconsciously letting it leech into your vocab, too
Probably heard it once and thought it was cool or saw a couple of memes with it and now it’s his brain worm.
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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
Somehow this is okay but bailing out GM was a problem.
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.
Isn’t he mimicking the typography of oldish “wild west style” newspapers and other print? Both with different fonts, and varying capitalization, and sizes. Yelling at you from monochrome photos.
(Never been in the USA.)
i just got an amd card in response :)
Oh i’ve been buying AMD for a while because Intel has been rudderless for ages
i recently got an nvidia but then i switched to linux after and nvidia is so terrible on linux so this was a good push to get a new one. :)
CPU vs GPU, not really the same thing lol
if there’s one thing that I support less than american companies, it’s the american government
So how did they get all that stock for free?
When Biden was president the Democrats passed the Chips Act, which has grants for chipmakers to build in the US. When Trump took power he basically stopped issuing these grants to companies that were set to get them.
My understanding is that basically Intel will give 10% of itself if Trump stops blocking the grants it was already set to get. I guess Intel’s thinking is that if they make the US a part owner, then Trump won’t obstruct the company so much.
This might sound like good news (kind of) in that the government is getting equity in return for the money, but I doubt Trump will enforce the original requirements and purpose of the grants, so Intel probably won’t end up finishing many of the factories it was supposed to build. It also sets a precedent that you can’t rely on goverment grants to do things as future parties may change the terms of the deal retroactively, even after you already started.
I don’t understand why they would want to build in the US? There’s plenty of places with cheaper labour.
In case of war the country needs national supply of chips to put in rockets, planes, everything really.
If you make everything in Taiwan and that’s the place that’s getting blockaded by enemy Navy…
Is there some massive geopolitical issue hovering like a guillotine over Taiwan? ;)
For that matter, it was the same problem the US then faced back when it was getting much of their electronics from Japan.
Because Biden paid them with grants to build in the US. It’s that simple.
Beyond that there’s stability and the likelihood of not being invaded or facing natural disasters.
There’s meant to be government, legal, and financial institution stability too.
As well as intellectual property defense, trade secrets and NDAs.
Material supplies are meant to be stable too.
When you’re investing in something as specialised as chip manufacturing, labour is a fraction of your concern. Both short and long term.
The stake will be paid for through $5.7 billion in grants previously awarded to Intel under the 2022 U.S. CHIPS and Science Act, plus $3.2 billion awarded to the company as part of a program called Secure Enclave. It’s a formerly classified initiative that Congress appropriated funds for in 2024 after lobbying by Intel, Politico reported in 2024.
Including $2.2 billion in CHIPs grants Intel has received so far, the total investment is $11.1 billion, or 9.9%. Intel is valued at about $108 billion on the stock market.
Oh got it. It’s Trump attempting to take credit for Biden’s good legislation.
Now that checks out. Thanks!
Years of failed management rewarded with government bailout.
I missed something, what did Intel get in return for 10% of their company?
The assurance that no matter how much they mess up, they will have government backing.
Your tax money
Wasnt it Japan who, once again, bailed Big Sam on this issue?
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.
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
Now do that with Exxon Mobil, Chevron and ConocoPhillips
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.
I expect all the ML people to be celebrating this move towards socialism. Such a shit move but a shit admin.
