U.S. takes 10% stake in Intel as Trump flexes more power over big business
U.S. takes 10% stake in Intel as Trump flexes more power over big business
U.S. takes 10% stake in Intel as Trump flexes more power over big business
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.
He just nationalized Intel. That's what conservatives are afraid of far left governments doing.
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
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.
There's literally Intel Management Engine or how is it called.
And they are literally an American corporation that has always benefited from American governments pressuring competitors from other countries, and that was important for MIC since 70s.
So that kind of trust was a clear no since long before I was born.
Intel is a us corporate they do as the US spooks tell them to do.
That's national security laws.
Yeah... no one who this matters to thought that anyway. Either you get Chinese or US backdoors in your hardware. This has always been true. Theoretically Intel could make some backdoorless chips for government use though, but we won't have access to that.
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!
B-b-but Starlink doesn't build infrastructure for normal broadband, does it? So they basically got a load of free money for doing nothing on a state level, just their satellites flying someplace above? I mean, there are Starlink ground stations, so there is infrastructure, just how many people would use it instead of a normal service. You know, GPON to the door, no antenna suffering in bad weather, no exorbitant prices.
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.
10% is not "nationalized". It's "19.99% nationalized". Need to have a majority stake (like 50.01%) to call it "nationalized".
Or maybe I'm wrong.
10% is a controlling share. The government (Trump) owns enough to make major decisions about how the company is run.
By your maths it's 10/50.01=19.99% nationalised, actually. :P
I mean, no. Owning a 10% stake is not nationalisation.
Yes. It is.
Excalty like China.