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U.S. takes 10% stake in Intel as Trump flexes more power over big business (www.nbcnews.com)
submitted 1 day ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world
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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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[-] iAmTheTot@sh.itjust.works 8 points 23 hours 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
320 points (100.0% liked)

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