| ▲ | ls612 4 hours ago | ||||||||||||||||
They bought the shares on the open market. They didn't seize the company at gunpoint. | |||||||||||||||||
| ▲ | iamnothere 4 hours ago | parent | next [-] | ||||||||||||||||
So if USgov bought 51% at market value you’d be ok with that? Time to fire up the printers I guess. | |||||||||||||||||
| ▲ | lovich 2 hours ago | parent | prev [-] | ||||||||||||||||
No they didn’t. After Trump started making noise about their CEO, Lip-bu Tan, being Chinese they then took the shares at a “…discount to the current market price.”[1] And the money for this _deal_ was primarily from the CHIPS act funds they were already awarded but had not been sent to them yet > Of the total, $5.7 billion of the government funds will come from grants under the CHIPS Act that had been awarded but not paid, and $3.2 billion will come from separate government awards under a program to make secure chips.[1] This was at gunpoint from the government’s monopoly on violence. [1] https://www.cnbc.com/2025/08/22/intel-goverment-equity-stake... | |||||||||||||||||
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