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| ▲ | simoncion 3 days ago | parent | next [-] |
| > Worth noting that Intel is the only company that had these kinds of shenanigans pulled with their grant. Sure, but Intel's new CEO is making a lot of noise that indicates that Intel is maybe not going to be able/willing to build some-to-many of the things the CHIPS money paid for. Giving FedGov a 10% stake in the company [0] is better than taking the money back for nonperformance, wouldn't you say? [0] Which -as I understand it- was the sort of thing that was done for those finance companies that were Too Big To Fail when all that fraud^W novel financial engineering eventually caught up to them. |
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| ▲ | 01100011 3 days ago | parent | prev | next [-] |
| > Worth noting that Intel is the only company that had these kinds of shenanigans pulled with their grant. So far... |
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| ▲ | MrDarcy 3 days ago | parent | prev | next [-] |
| Trump feels Biden gave intel billions for nothing. Trump feels he’s balanced the scales by getting 10% of Intel. Trump gets to spin it as getting 10% of Intel for nothing. Win win for Trump. |
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| ▲ | dotancohen 3 days ago | parent | prev | next [-] |
| > Depends on who you ask. Trump himself seems to think the US is getting 10% for free.
I don't think anything is ever free, and I think that Donald Trump the businessman knows that better than I do. |
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| ▲ | rvba 3 days ago | parent | prev [-] |
| Getting stock in exchange of grants makes more sense than "pure" grants. This stock can later be sold, to benefit the taxpayer. |
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| ▲ | behringer 3 days ago | parent [-] | | that's not a grant. That's just buying stocks. | | |
| ▲ | BeetleB 3 days ago | parent [-] | | It's effectively a grant. The US government isn't buying existing shares. Intel is issuing new shares and selling them to the US government - so actual money is being transferred to Intel (and existing shares are being diluted as a result). | | |
| ▲ | loeg 3 days ago | parent [-] | | That's just buying stocks (at-the-market offering). | | |
| ▲ | BeetleB 3 days ago | parent [-] | | Nope. When I buy stocks at market price, the company gets none of my money. When the company issues new stocks and sells them, the company gets the money. | | |
| ▲ | loeg 3 days ago | parent | next [-] | | I think you're maybe unfamiliar with what an ATM offering is; try googling it. | | |
| ▲ | BeetleB 3 days ago | parent [-] | | Fair point. The key issue in the thread, which I think we both agree on, is that yes, the government is giving money to Intel. |
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| ▲ | 3 days ago | parent | prev [-] | | [deleted] |
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