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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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[-] rmrf@lemmy.ml 9 points 8 hours ago

You're as bad as centrists/swing voters

[-] vacuumflower@lemmy.sdf.org 3 points 8 hours ago

I'm worse, I'm not ever voting at all in US elections. Being a Russian citizen and never having set foot in the US.

But they are one big criminal family. I mean, yes, in the 90s Clinton and the democratic party really had sort of a plan of battle, but they dropped the ball completely. It's unfortunate, because had they not, maybe our world would really be similar to more utopian lines from sci-fi.

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

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