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Trump tweet:

It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.

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[-] randompasta@lemmy.today 183 points 1 day ago

He just nationalized Intel. That's what conservatives are afraid of far left governments doing.

[-] vacuumflower@lemmy.sdf.org 6 points 4 hours ago* (last edited 4 hours ago)

10% is not "nationalized". It's "19.99% nationalized". Need to have a majority stake (like 50.01%) to call it "nationalized".

Or maybe I'm wrong.

[-] randompasta@lemmy.today 4 points 2 hours ago

10% is a controlling share. The government (Trump) owns enough to make major decisions about how the company is run.

[-] leezh 2 points 4 hours ago

By your maths it's 10/50.01=19.99% nationalised, actually. :P

[-] vacuumflower@lemmy.sdf.org 2 points 3 hours ago

Yes, I've already fixed myself, it was sad

[-] Xaphanos@lemmy.world 140 points 23 hours ago

Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.

[-] vacuumflower@lemmy.sdf.org 4 points 4 hours ago

There's literally Intel Management Engine or how is it called.

And they are literally an American corporation that has always benefited from American governments pressuring competitors from other countries, and that was important for MIC since 70s.

So that kind of trust was a clear no since long before I was born.

[-] socialsecurity@piefed.social 3 points 11 hours ago

Intel is a us corporate they do as the US spooks tell them to do.

That's national security laws.

[-] zod000@lemmy.dbzer0.com 54 points 23 hours ago

For real, this just further cemented me not wanting to buy any new Intel devices.

[-] frazw@lemmy.world 22 points 21 hours ago

Intel never deserved trust. They rigged the game by cheating on benchmark tests and deserve the karma they are currently enjoying.

I guess the average consumer would not be very aware of Intel being so shitty, but now everyone has a reason to be wary of them.

[-] moody@lemmings.world 18 points 19 hours ago

"Nationalized" with a heavy dose of quote marks. The government now owns about 10% of Intel in non-voting shares. It's basically meaningless.

[-] pdxfed@lemmy.world 33 points 23 hours ago

Yup. They also rewrote national broadband funding criteria so starlink would win most of the state contracts for funding. If the states are stupid enough to take it, the Elon Musk will own their citizens internet. Colorado just announced Starlink won half of all the contracts and Amazon the other half(I didn't even know Amazon provided Internet holy terrifying):

You may experience difficulty connecting to some web domains and your homepage has been preselected for you. Your monthly history will be reviewed and unpatriotic web usage will result in detainment or deportation.

Congratulations on your Freedom!

[-] vacuumflower@lemmy.sdf.org 2 points 3 hours ago

B-b-but Starlink doesn't build infrastructure for normal broadband, does it? So they basically got a load of free money for doing nothing on a state level, just their satellites flying someplace above? I mean, there are Starlink ground stations, so there is infrastructure, just how many people would use it instead of a normal service. You know, GPON to the door, no antenna suffering in bad weather, no exorbitant prices.

[-] cabron_offsets@lemmy.world 33 points 1 day ago

Those worthless cunt traitors never acted in good faith. FFS, they willingly elected a child rapist.

[-] iAmTheTot@sh.itjust.works 8 points 1 day ago

I mean, no. Owning a 10% stake is not nationalisation.

[-] themurphy@lemmy.ml 29 points 23 hours ago

Yes. It is.

Excalty like China.

[-] vacuumflower@lemmy.sdf.org 1 points 3 hours ago

China's internal market is far more cutthroat and "capitalist" than that of the USA. And less regulated. And less monopolized, except for a few services which, ahem, are mandated (WeeChat, yes).

That was their "unique path", to move all hierarchical stuff into political entities. It look interesting on a large scale, from more "peasant-oriented" communism, kinda changing the initial Marxist picture of worker-capital relations, to this.

[-] socialsecurity@piefed.social 1 points 11 hours ago

Is giving Intel freekmey better?

this post was submitted on 24 Aug 2025
322 points (100.0% liked)

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