Trump Administration 10% Stake in Intel - Talk me through this

[TheFarseer]

Apparently the United States Government, or if you prefer, the Trump Administration is taking a 10% stake in chip maker Intel. That’s about $11 billion in stock. I’m not even clear on if we are buying it or what. What are the pluses and minuses of this? Trying to have a serious discussion.

[Cloudhopper]

1. I can't help you because I have the same questions, but I'd like to add one:

Who or what department of the gov't will handle these investments? The Treasury? Exactly where do the profits go? Will there be a public notification of stock sales or Treasury deposits?

Okay... 3 questions.

[TheBlackAdder]

7. Great! Now Intel could now have embedded malware and spyware or 'enhanced' Intel Management Engine on its chips.

Foreign countries will start avoiding them for fear of some type of fascist value added enhancement.

[Bernardo de La Paz]

2. My (weak) understanding is that Biden CHIPS money is being used, but tRump extorted 10 pc stake. . . . . nt

[Bettie]

5. And is that stake truly owned by the US Government

or the guy who THINKS he is king of the world?

I'm betting there's a clause in there someplace that says he owns it when he leaves office.

[Norrrm]

3. Gov't ownership of companies does not sound like free market capitalism.

[TheFarseer]

4. I like

Public utilities, government healthcare, public schools but I can’t see how government chip makers makes any sense. It’s a highly competitive and innovative industry. I think this is a case where regulated free market capitalism is the way to go.

[doc03]

6. Isn't that what is called socialism when government takes over private companies. The Republicans

went totally bonkers when the government bailed out the auto companies. They called GM (Government Motors).

[TheBlackAdder]

8. Watch Trump supporters turn themselves into pretzels trying to claim this is not socialism.

[Blue Full Moon]

11. They always have been.

Howard Hughes had to fight them to create PanAm

[Swede]

9. Trump is a dirty ratbastard commie.

[Blue Full Moon]

10. In the end it's not really

https://www.newsweek.com/donald-trump-intel-lip-bu-tan-china-market-2118060

[kentuck]

12. Just like Putin does it in Russia...

...with all his oligarchs.

[TheBlackAdder]

13. Interesting. Jut saw a video that Russian Kh-59 Missiles used Intel computer chips that are currently sanctioned.

Starting at the 4:46 mark.

Russia might have alternate means to these components.

[kentuck]

14. That is interesting..

Krasnov strikes again!