Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.

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!

Those worthless cunt traitors never acted in good faith. FFS, they willingly elected a child rapist.

"Nationalized" with a heavy dose of quote marks. The government now owns about 10% of Intel in non-voting shares. It's basically meaningless.

Trump says US will take 10% stake in Intel because CEO wants to “keep his job”

Literallt extortion.

Since Wall Street, never really was.

yeah I have no idea what the fuck is happening anymore. the GOP is full pedo-junta on business...

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.

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.

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.

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.