Intel announces $8.9 billion investment from US government, which will own 9.9% of chipmaker

[AZ8theist]

Source: Yahoo Finance

The US government has taken an $8.9 billion, 9.9% stake in Intel (INTC), buying 433.3 million shares in the chipmaker at a price of $20.47 per share.

The government’s investment in Intel will be passive ownership, with no Board representation or other governance or information rights, Intel said in a statement. Intel said the government also agreed to vote with the company's Board of Directors.

Read more: https://finance.yahoo.com/news/intel-announces-89-billion-investment-from-us-government-which-will-own-99-of-chipmaker-180452175.html

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Wait! I thought Republicans screeched at the government "picking individual companies" to invest in??

I guess that only applies to a Democratic administration.

[SeattleVet]

1. The government taking over corporations? Fascism is fine with these folks.

In fascist states, corporations are not independent entities but are integrated into a corporatist system where the state directs and manages economic activity to serve national interests. Rather than free-market principles, fascism emphasizes the subordination of private enterprise to state control, with corporations often organized into state-controlled councils and their activities aligned with the regime's political and economic goals, such as militarism and national expansion.

[markodochartaigh]

4. I have to say that Wolin's

Inverted totalitarianism is becoming easier to see now that it is starting to bloom. The seeds were the revolving doors between corporate boardrooms and government agencies and the resulting regulatory capture. But now under the most unabashedly authoritarian regime the US has ever had we can expect to the full panicles in bloom.

[underpants]

8. I wasn't aware that the Feds invest. Obama's GM was too I guess.

I don’t know.

[popsdenver]

19. One of the dictionaries

defines FASCISM as the Merger of Corporations and Government............

Citizens United allowed Corporations to finance elections overwhelmingly for the Republicans.........

Republicans.......the best politicians corporate money can buy............and here we are folks..............

[popsdenver]

27. Thanks JFZ

Great info for all of us................

[markodochartaigh]

2. Frank Wilhoit:

“Conservatism consists of exactly one proposition …There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect.”

[underpants]

5. I'd never heard that. Very interesting.

I’ll never remember that but it’s spot on

[popsdenver]

20. Great one

Thx Marko, for sharing.........very eloquent!!!!!!!!!

[Prairie Gates]

3. Normal stuff

[surfered]

6. Isn't government ownership of the means of production the definition of socialism?

While private ownership of the means of production is capitalism ?

I guess we’re Russia now?

[markodochartaigh]

9. The Soviet Union had elements of a socialist economy.

Russia today is neither socialist nor communist. Russia today is an authoritarian oligarchy, like what our oiligarchs and maga wants to turn the US into.

[popsdenver]

21. AND

with Hitler and Putin providing the Republicans with a model and game plan...........

[Cheezoholic]

18. It's actually more of an integral part of true Fascism which is basically the merging of the Autocracy and Monopolies

Specifically a very few Monopolistic Controllers of the economy that let the Autocratic regime share directly in their wealth for a share of autocratic power, , who use that economy, and forcibly use the underclass people to generate and fight for it if necessary, in a quid pro quo that benefits their bottom line and the Autocrats thirst for social dominance. It requires sharing between the two to put it bluntly and is often where fascistic regimes end up cleaving themselves, a civil war of at the top power level. At least that's how I remember it being taught to me in college .

[msongs]

7. republicans used to believe the govt should not pick winners and losers nt

[markodochartaigh]

11. Haha

"republicans used to believe the govt should not pick winners and losers".

That's a good one!

Have you heard the one about "Republicans care about small businesses"?

Another hilarious one I heard was that "Republicans are the party of law and order".

Seriously, who writes this stuff?!?!

[rubbersole]

16. Leonard Leo and his bankers.

[bucolic_frolic]

10. I thought the Chips Act was to give a $4.5 billion loan to Intel

Then that was sullied. Now investment. hmm

[sabbat hunter]

12. state owned

or ran corporations? Sounds a lot like China and Russia. Also how is trump personally benefiting from this move? We all know nothing he does is without him gaining some sort of monetary benefit.

[turbinetree]

13. So when are there going to be.......... I don't know oligarch's being pushed out of high rise windows...........

and the family getting a sack of potatoes..........you can buy Intel stocks but you can't give people health care, education, clean air and water....

[Blue Full Moon]

14. Intel was building a chip plant near Columbus OH

It was part of Biden's chip act. Trump's tariffs and wanting to stop it. Intel said that sells just inside the US wasn't enough to go ahead with the project. So he is just trying to re package it as a win for him.

[Blue Full Moon]

15. Social media from tRump

[Wonder Why]

17. So how do we regulate a company we own stock in?

Hear Ye! Hear Ye! In the case of the United States vs the United States, the following case will be heard!

For the Prosecution, Pam Bondi will be representing the United States. For the Defense, the Attorney General Pam Bondi will be representing the United States. Attorney General Bondi will make the opening statement for the Prosecution, followed by Attorney General Bondi making the case for the defense.

Ms. Bondi: "The Prosecution intends to show that by owning a part of the company it is regulating, it has a conflict of interest which is a violation of Title XVIILCD Section 723 Subsection a.b and c and I ask the jurors to listen carefully to all the testimony we present and return a verdict of guilty"

Ms. Bondi: The Defense intends to show that by owning a part of the company it is regulating, there is no conflict of interest and therefore no violation of Title XVIILCD Section 723 Subsection a.b and c and I ask the jurors to listen carefully to all the testimony we present and return a verdict of not guilty"

[IthinkThereforeIAM]

23. So does this mean that Intel is going to bust the Tripp Lite/Starlink vote hacking scheme to pay us back?

... otherwise Intel is just, "gubment chips". The hicks called GM: Gubment Motors

[Marcuse]

24. Military Industrial Complex.

[Bluetus]

25. Didn't Trump just say this cost the taxpayers nothing?

$8.9 billion ain't nothing.

[C_U_L8R]

26. So does Trump get a board seat?

Or does that go to one of his idiot children?

And what will happen to companies that choose not to use Intel chips?