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Trump takes 10% of Intel, as Washington becomes Chinatown

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So a GOP president demanding government ownership in a private company. No Dem president has ever done that. Trump also wants to tax innovation through a tax on patents.

This one's gonna be hard for the MAGAverse to explain away. Expect much noise about Biden, Hillary, Soros, The Laptop, the usual drivel.😁

 

WSJ: Trump takes 10% of Intel, as Washington becomes Chinatown on industrial policy.

https://archive.ph/6fbBC

 

"President Trump on Friday trumpeted that the U.S. government will take a 10% equity stake (worth about $8.9 billion) in Intel, the struggling maker of computer chips. The President made CEO Lip-Bu Tan an offer he couldn’t refuse. “He walked in wanting to keep his job, and he ended up giving us $10 billion for the United States,” Mr. Trump said of their meeting this month."

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  • Pretty positive for Intel and the US.   Intel's press release states that the government "will make an $8.9 billion investment in Intel common stock, reflecting the confidence the Administra

  • Thanks for explaining what actually happened in a cogent and transparent manner.   Looks like good news for Intel and for America.    

  • Republicans suddenly love socialism.  Almost as if it's another one of their boogeymen they don't really care about except when the other side does it.

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Pretty positive for Intel and the US.

 

Intel's press release states that the government "will make an $8.9 billion investment in Intel common stock, reflecting the confidence the Administration has in Intel to advance key national priorities and the critically important role the company plays in expanding the domestic semiconductor industry."

 

That money will come from $5.7 billion in grants that have yet to be paid out to Intel under the CHIPS and Science Act alongside $3.2 billion for the Secure Enclave program, for which the company is making chips for the U.S. Department of Defense. Intel has already received $2.2 billion of its CHIPS Act funding.

"As the only semiconductor company that does leading-edge logic R&D and manufacturing in the U.S., Intel is deeply committed to ensuring the world’s most advanced technologies are American made,” said Intel CEO Lip-Bu Tan, in the press release. “President Trump’s focus on U.S. chip manufacturing is driving historic investments in a vital industry that is integral to the country’s economic and national security."

 

From https://www.tomshardware.com/tech-industry/big-tech/trump-says-u-s-govt-will-take-a-10-percent-ownership-stake-in-intel-lip-bu-tan-reportedly-agreed-to-unprecedented-arrangement-for-a-domestic-chipmaker

 

Your link to the opinion WSJ article is biased and BS.

 

Not hard for the MAGAverse to explain. Try again BLMfem.

 

  • Popular Post

Republicans suddenly love socialism.  Almost as if it's another one of their boogeymen they don't really care about except when the other side does it.

Not something I support. 

 

I was was against the GM and bank bailouts as well. 

  • Popular Post
4 hours ago, FlorC said:

Pretty positive for Intel and the US.

 

Intel's press release states that the government "will make an $8.9 billion investment in Intel common stock, reflecting the confidence the Administration has in Intel to advance key national priorities and the critically important role the company plays in expanding the domestic semiconductor industry."

 

That money will come from $5.7 billion in grants that have yet to be paid out to Intel under the CHIPS and Science Act alongside $3.2 billion for the Secure Enclave program, for which the company is making chips for the U.S. Department of Defense. Intel has already received $2.2 billion of its CHIPS Act funding.

"As the only semiconductor company that does leading-edge logic R&D and manufacturing in the U.S., Intel is deeply committed to ensuring the world’s most advanced technologies are American made,” said Intel CEO Lip-Bu Tan, in the press release. “President Trump’s focus on U.S. chip manufacturing is driving historic investments in a vital industry that is integral to the country’s economic and national security."

 

From https://www.tomshardware.com/tech-industry/big-tech/trump-says-u-s-govt-will-take-a-10-percent-ownership-stake-in-intel-lip-bu-tan-reportedly-agreed-to-unprecedented-arrangement-for-a-domestic-chipmaker

 

Your link to the opinion WSJ article is biased and BS.

 

Not hard for the MAGAverse to explain. Try again BLMfem.

 

 

Thanks for explaining what actually happened in a cogent and transparent manner.

 

Looks like good news for Intel and for America.

 

 

3 minutes ago, Cameroni said:

 

Thanks for explaining what actually happened in a cogent and transparent manner.

 

Looks like good news for Intel and for America.

 

 

Thank the clear article from tomshardware.com

Impartial .

 

nVidia doesn't need help.

Personally I'm not really pro Intel.

Their decades long under the table deals with computer builders like Dell

to cut out AMD is disgusting.

 

Likewise, on Face the Nation yesterday Mohamed el Erian President of Queens' College, Cambridge, chief economic adviser at Allianz, and former chair of President Obama's Global Development Council crushed the dreams of low information Aseannow trolls critical of the Intel deal. 

 

https://youtu.be/nJATDUSNyxo?si=fGGyWr3MI0GPtZ2M

 

 

7 hours ago, FlorC said:

Pretty positive for Intel and the US.

 

You must be smarter than the Intel board or their CEO, as they don't see the positive side of it, and neither do the big Wall Street investors.

 

https://finance.yahoo.com/news/intel-warns-us-stake-could-124213534.html

Intel warns US stake could hurt international sales, future grants

 

WASHINGTON (Reuters) -Intel said on Monday that the U.S. government's 9.9% stake in the chipmaker could pose risks to its business, from potentially harming international sales to limiting its ability to secure future government grants.

The company laid out new risk factors in a securities filing after the government decided to convert $11 billion in government grants into an equity stake in Intel, the latest extraordinary intervention in corporate America by President Donald Trump.

 

Separately, Intel CEO Lip-Bu Tan said in a video posted on Monday by the Commerce Department that the company did not need the government funding.

  • Popular Post
10 hours ago, BLMFem said:

Trump takes 10% of Intel, as Washington becomes Chinatown on industrial policy.

Trump has not "taken" anything.  It seems that the government, not Trump, is buying a minor stake in Intel.

  • Popular Post
3 hours ago, shdmn said:

Republicans suddenly love socialism.

Since when has buying a minority holding in a listed company been "socialism"?

  • Popular Post
9 minutes ago, Liverpool Lou said:

Since when has buying a minority holding in a listed company been "socialism"?

Since Republicans decided to call it that, but only when Democrats do it.

2 minutes ago, shdmn said:
12 minutes ago, Liverpool Lou said:

Since when has buying a minority holding in a listed company been "socialism"?Which Republicans

Since Republicans decided to call it that

Which Republicans have stated that buying stock is Socialism?

46 minutes ago, Mike_Hunt said:

Is a 10% stake socialism?

According to Republicans that is socialism, but only when Democrats do it.  Feel free to argue amongst yourselves about it. 

 

image.gif.a7092ae45d48786ff266cff99f1b3088.gif

 

10 hours ago, BLMFem said:

So a GOP president demanding government ownership in a private company. No Dem president has ever done that.

image.png.0abd6d1b0d3d6c314bf0c849dceec474.png

 

Who cares?  

 

INTEL went the wrong way.

The bean-counters and the fools destroyed the company.

 

Therefore, INTEL is only a shell of what it once was....

 

Let it rot.

 

And build again, with new blood.

 

 

1 hour ago, Liverpool Lou said:

Which Republicans have stated that buying stock is Socialism?

 

Seeing as how you apparently don't know how to use google.

 

https://thehill.com/homenews/senate/5462706-rand-paul-intel-socialism/

https://www.msnbc.com/top-stories/latest/trump-intel-government-stake-republicans-socialism-rcna226317

https://www.msnbc.com/msnbc/watch/-this-is-socialism-joe-calls-out-irony-in-trump-admin-s-push-for-intel-stake-245492293788

https://www.huffpost.com/entry/erick-erickson-donald-trump-socialism_n_68a6cb7ce4b0d184fdf4cd32

 

Give it a few more hours and I'm sure there will be a lot more. 

 

I won't waste any more time responding to you again.  You're lucky I even bothered to respond to you the first time.  Like trying to talk to a dish cloth.  Those are a precious few seconds I will never get back.  Never mind the fact I had to listen to the verbal diarrhea coming out of Erick Erickson's pie hole for a few more seconds on top of that.

 

 

10 hours ago, CallumWK said:

You must be smarter than the Intel board or their CEO, as they don't see the positive side of it, and neither do the big Wall Street investors.

Yeah the Intel board and CEO's...

They are so good in knowing and doing what is best for the company. 😄

 

And I know how to use spy giant google , I just don't.

Duck search is good enough.

51 minutes ago, FlorC said:

Yeah the Intel board and CEO's...

They are so good in knowing and doing what is best for the company. 😄

 

And I know how to use spy giant google , I just don't.

Duck search is good enough.

 

You mean Google make up their own Reuters articles?

  • Popular Post

Is that the same government that is complaining about other country's connections to companies? Like TikTok, Chinese carmakers as examples.

I know it's quaint to ask, but is this even legal?

 

14 hours ago, Cameroni said:

Shares of Intel are soaring..

 

So this is a stock play/investment?

 

 

12 hours ago, CallumWK said:

You must be smarter than the Intel board or their CEO, as they don't see the positive side of it, and neither do the big Wall Street investors.

 

Really, is that why Intel's stock price has soared since the announcement the government is buying in?

 

 

6 minutes ago, bamnutsak said:

I know it's quaint to ask, but is this even legal?

 

 

So this is a stock play/investment?

 

 

 

Obviously not, it's a by product and natural symptom of a massive investment injection.

2 minutes ago, Cameroni said:

 

Really, is that why Intel's stock price has soared since the announcement the government is buying in?

 

 

 

You obviously have as much knowledge about how a stock market works, as you have about legal matters, and females.

20 hours ago, FlorC said:

Not hard for the MAGAverse to explain. Try again BLMfem.

Governmental ownership of the means of production is a VERY socialistic policy.... even slightly communist.

Exactly how do you explain away that fact?  My guess is that the MAGA morons are easily befuddled.

3 minutes ago, CallumWK said:

 

You obviously have as much knowledge about how a stock market works, as you have about legal matters, and females.

 

You obviously have no clue what you are talking about. Intel's stock price has soared. So much for big Wall Street investors don't like this investment, the exact opposite is the case.

10 minutes ago, Cameroni said:

 

Really, is that why Intel's stock price has soared since the announcement the government is buying in?

 

 

Have you lost your thinking cap?  On of the most likely reasons is bloody obvious to anyone who can tie their own shoes.  You seem like a Croc fan.

17 minutes ago, gamb00ler said:

Have you lost your thinking cap?  On of the most likely reasons is bloody obvious to anyone who can tie their own shoes.  You seem like a Croc fan.

 

Yes, it's called government investment. Pure brilliance by Trump, he's clawing back government assets for money already spent on Intel, and at the same time making Intel's share price soar. The man's a pure genius.

 

The news lifted shares of Intel 5.5% on Friday, and they added a further 2% soon after the opening bell Monday. They have added more than a quarter of their value this year.

 

https://www.investopedia.com/intel-stock-keeps-getting-a-boost-from-us-investment-11796661

 

What did Callum say, Wall Street investors don't like it, lol?

4 minutes ago, Cameroni said:

 

Yes, it's called government investment. Pure brilliance by Trump, he's clawing back government assets for money already spent on Intel, and at the same time making Intel's share price soar. The man's a pure genius.

 

The news lifted shares of Intel 5.5% on Friday, and they added a further 2% soon after the opening bell Monday. They have added more than a quarter of their value this year.

 

https://www.investopedia.com/intel-stock-keeps-getting-a-boost-from-us-investment-11796661

 

What did Callum say, Wall Street investors don't like it, lol?

Your lack of analytical thinking is never more evident.  No one could create a better bad example.

7 minutes ago, Cameroni said:

What did Callum say, Wall Street investors don't like it, lol?

 

What is worse is that Trump now will tell Intel CEO how to run his business. Wall Street investors say this is the worst that could happen to any company.

 

https://finance.yahoo.com/news/this-week-in-trumponomics-a-government-hedge-fund-140519070.html

 

Investors momentarily lost their minds on Aug. 22 when President Trump confirmed that the US government was planning to take a 10% stake in chip giant Intel (INTC), and the stock price surged. That’s crazy, because nothing could be worse for a company than the government — any government — getting involved and telling the CEO what to do.

 

Trump’s deal would give the US government a 10% stake in Intel in exchange for federal subsidies included in the 2022 CHIPS Act, which President Biden signed into law. Trump called the arrangement a “great deal.” Free marketeers howled. “A terrible decision, bad for almost everyone,” Scott Lincicome of the libertarian Cato Institute said on social media. “Bad for Intel's long-term viability, as politics, not commercial considerations, increasingly drive its decisions.”

8 minutes ago, Cameroni said:

Pure brilliance by Trump

 

Your 'glazing' of trump is impressive.

 

 

$5.7B of this investment came from unpaid grants allocated by the 2022 CHIPS Act.

 

Another $3.2B comes from the Secure Enclave program, also part of the 2022 CHIPS Act.

 

The total is $8.9B.

 

 

 

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