Replying to Avatar MattA

how the hell does Intel just hand the U.S. government 10% of the companyโ€ฆ worth $11B?

this must be why Lutnick pushed for an American Sovereign Wealth Fund, to bucket the portfolio

Intel, MP Materials, General Motors, Amtrak, US Steel, Fannie & Freddieโ€ฆ
Avatar
๐–‹๐–Ž๐–†๐–™๐–‰๐–Š๐–“๐–Ž๐–Š๐–— (ยฏ`โ—•โ€ฟโ—•ยดยฏ) 5mo ago

Because INTC lost $20B last year and struggling. Biden gave them $10B cash infusion, Trump just wanted to get something for that $10B. With the US govtโ€™s stake, INTC has a strong backer that can bail them out. It is a win win for them.

Reply to this note

Please Login to reply.

Discussion

91
Alfore 5mo ago

That remains to be seen. State ownership is not necessarily increasing performance. But I agree better than giving them 10b outright.

Avatar
S!ayer 5mo ago

Yeah especially if it's burning through cash and not having anything to show for it

91
Alfore 5mo ago

In Germany it would be the first ai chip with its own pronouns....