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righthand 4 days ago

This is misunderstanding what really happened. The oroginal agreement with the CHIPS act is that if your company is profitable post expansion funding then you will profit share with the federal government. Trump changed that original agreement to one of stock ownership. Now the federal government can reneg the deal by selling back for their money any time. Arguably more dangerous than profit sharing.

It was never a nothing-in-return agreement, that is fiction.[0]

[0] “Biden to require chips companies winning subsidies to share excess profits” >> https://www.reuters.com/technology/us-require-companies-winn...

godelski 4 days ago | parent [-]

  > if your company is profitable post expansion funding then you will profit share with the federal government.
Not to mention... taxes...

I mean I agree with you but even that article is talking about how it's not a free handout. It never could have been. A government could hand out money unconditionally and they'd still get a return as long as taxes exist. Intel's (or any company's) success results in them paying more taxes. Not just corporate taxes either.