Intel agrees to sell the US a 10% stake, Trump says, hyping “great deal”
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Sounds like blackmail to me. Apparently that the new Republican definition of “free” enterprise.
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There has been a lot of confusion about what the “Socialism” means in “National Socialism”. If you’re one of those who have been puzzled, I hope this move by the Trump administration (not authorized by any law) will make a light go on.
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Yes. Much like the 15% cut of to allow AMD/NVidia chip sales in China.
It's a dictator controlling every aspect of the USA. Next he will be mandating the kind of Sugar in your soda ...
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Why hasn't Intel been forced to sell it foundry business? That's the national security issue and it would strengthen the nation to have a foundry with no ties to a particular chip designer ala TSCM. And Intel's leadership has surely shown by now they cannot run a cutting edge operation. I'd certainly move my Intel assets to a new government supported foundry.
But no, try to keep status quo as long as possible. Keep that tap dance a rolling
But no, try to keep status quo as long as possible. Keep that tap dance a rolling
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Who would they sell it to? Everyone who has the pockets to buy it would also be designing products it would manufacture with it, leading it away from just a foundry business. Look at Global Foundries, it might as well be dead.
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I also think having Intel around is in the national interest of the US.
On the other hand, in this market companies can’t just “survive”. Intel will either thrive again or continue its decline.
So I don’t see how “intel surviving” is an option.
Furthermore I don’t see how such a deal helps the company thrive. On the contrary, intel will only try to play it safe (you don’t want the public to lose 20B$ right?), which will only guarantee its decline.
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But apparently Trump can just fire him instead, so why not take that gamble? Oh God oh God I'm so fuckin sick of all this shit.
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Seize the Means of Production!
Should be 'funny' to see the demands from all the incompetent twats in the Angry Toddler administration now that he owns Intel. (Only 10%? Hah! He thinks he owns it 100% now).
'Says here that your chipset has a 'wake' function? We can't have any of this woke garbage in patriotic American chips, take it out now!1'
... ... 'And wait... you can do Transcoding!?!?@#one!'
Oh well, I'm sure the deliberately selected most incompetent people in history can't do too much more damage. sob
Should be 'funny' to see the demands from all the incompetent twats in the Angry Toddler administration now that he owns Intel. (Only 10%? Hah! He thinks he owns it 100% now).
'Says here that your chipset has a 'wake' function? We can't have any of this woke garbage in patriotic American chips, take it out now!1'
... ... 'And wait... you can do Transcoding!?!?@#one!'
Oh well, I'm sure the deliberately selected most incompetent people in history can't do too much more damage. sob
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So...does this now mean that Intel Chips can no longer be trusted ?
Something something like TikTok ?
Do DHS, CIA, FBI, etc get to "suggest" design changes .... USA first and all that...
This could kill Intel...
Their new slogan could be "There is no intel like Intel intel"
Something something like TikTok ?
Do DHS, CIA, FBI, etc get to "suggest" design changes .... USA first and all that...
This could kill Intel...
Their new slogan could be "There is no intel like Intel intel"
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This is not socialism, it's a bribe to avoid government regulation.
It's far worse than socialism.
It's far worse than socialism.
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Having intel around is an insurance policy for a possible chinese invasion of taiwan.
The deal makes no financial sense, nor does it have to. In fact the whole reason for the deal is because the financials are bad, and the market is killing Intel. It’s a hand out in support of national security.
The deal makes no financial sense, nor does it have to. In fact the whole reason for the deal is because the financials are bad, and the market is killing Intel. It’s a hand out in support of national security.
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A lot of people think that, but it's not correct. Nazis overwhelmingly privatised industries that had been nationalised by the Weimar government. The word "privatisation" comes to English from the German because it was originally coined to describe these unusual (for the time) economic policies.
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The modus operandi of the current GOP government reminds more of that of a mob boss. "Hand over (part of) your company, or else ...".
Russia is a good fit, yes. China IMHO has a more formal approach to spread fear among it's CEOs.
The overarching shift I see, is that the U.S. is transitioning into a system where the government tries to lead the country by fear.
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I was thinking more Reichswerke Herman Göring. That was the vehicle the Nazis used for shaking down by acquiring (effectively controlling - even if less than 50% it was the only shareholder that mattered) stakes at a substantial discount or for free (well the companies did get access to concentration camp slave labour even if that wasn’t a particularly good fit for the precision engineering required to make jet and rocket engines) in the German, and later occupied territories’, steel, armaments and other strategically important industries. It also operated as Göring’s personal piggybank of course.
The Mussolini comparison is also valid though. I guess the wider point is that fascist governments tend to devolve into crony capitalism and have the same level of respect for private property as nominally communist regimes.
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Do you have a source for that?
Every history of the Nazi economy I’ve read concludes the Nazi economy was as much a command economy as the Soviet Union (see e.g. Wages of Destruction by Adam Tooze). I’ve mentioned Reichswerke Hermann Göring (the Nazi state holding company which was the largest industrial concern in Europe by 1941) in a previous comment so I won’t go on about that again.
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Sort of. The deal cancels the strings attached to remaining grants under the CHIPS Act and makes it a straightforward investment deal.
https://newsroom.intel.com/corporate/intel-and-trump-administration-reach-historic-agreement
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Breathing in that much solvent from the cheap gold spray paint all over that cheap Home Depot accent garbage they vomited onto any flat surface in sight can't be helping anybody.
The good news I suppose is he doesn't have much mind left to lose.
(Apologies to the word "good" for making it do so much heavy lifting)
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This is true. The hurricane has hit the shore. The storm surge has washed the road away. There are no guardrails and the power is flickering. It's going to be a long, dark night. It's irreversible now.
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Guys, guys, I have a crazy idea, but I think it just might work: Instead of the government taking an equity stake in ONE company among competitors, and then having an inherent conflict of interest as a government with power of regulation over all competitors, maybe we could guarantee a return on investment for the government by requiring ALL companies to pay a share of their profits to the government. I think we could call this a "tax" - that way the government doesn't have to pick winners and losers, but just gets the most money off the biggest winners.
I know, it's crazy, but it just might work . . .
I know, it's crazy, but it just might work . . .
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We also have to go with the fact that Trump simply announced it, meaning it could just be more smoke and mirrors like all his tariff 'deals' have actually been.
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Unfortunately, I'm not sure I will live to see that day, and not because I expect to die soon... But because I don't think there will be much left of US democracy by end of Trumps term.
Once authoritarianism takes hold, it's extremely difficult to displace. Look at China, Iran, North Korea, Russia...
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Yes, this is from Against the Mainstream: Nazi Privatization in 1930s Germany, in The Economic History Review 63(1). https://onlinelibrary.wiley.com/doi/10.1111/j.1468-0289.2009.00473.x
This covers the period before WW2. Once countries were in a state of total war, all their economies changed. There is a whole lot about the US and UK economies during that period that you wouldn't point to as characteristic of those countries in peacetime.
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Now I’m expecting Trump to declare that Apple Silicon Macs are “woke” by being so power-efficient and demand that Tim Apple bring back the Intel Macs.
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Intel has been making absolutely disastrously bad decisions for over a decade. Now Felon45 is going to assist them with making even worse decisions, like every company that he ran directly into the ground. He not only had 6 bankruptcies (including casinos), he also bankrupted over 100 contractors by not paying them what was written on the contracts that he signed. He has also defaulted on 100s of millions in bank loans, so no US bank would give him loans, many, if not all, of his properties are underwater (worth less than what he owes on their loans), and yet he openly brags about being "the king of debt". Bye bye, Intel. (From a former Intel engineer, who never signed a nondisclosure document.)
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