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.
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.
Literallt extortion.
Could you imagine how many times the word “socialism” would be blasted on Fox News if Biden did this?
“Free” market.
Since Wall Street, never really was.
Functionally, there’s no such thing. In a system that gives the most power to the company that makes the most money, that company will seek to maximize its profits. Part of maximizing profits is eliminating competition. So in a “free” market, the most successful will subvert the freedom of their competition thus eliminating the freedom in the market.
Self-correction in a market is an illusion crafted people either desperate to salvage a broken system, or those who seek to exploit them.
Lol at all the conservatives screeching about “socialism” and “communism” and how they will be the downfall of our country, then slurping up Trump nationalizing part of Intel 🤣
They don’t believe in anything, just brain dead simpleton cultists who would happily stick their tongue into a rat trap if Trump told them to do it.
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’
Release the Trump/Epstein files
Somehow this is okay but bailing out GM was a problem.
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?
I wish he would say, “And God have mercy on our souls.”
Probably heard it once and thought it was cool or saw a couple of memes with it and now it’s his brain worm.
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
Until I read your comment, I thought this was satire and not the actual tweet. What in the fuck
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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
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.
Say goodbye to 10% of your tax dollars
So how did they get all that stock for free?
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
Now do that with Exxon Mobil, Chevron and ConocoPhillips
