Seems like the government owning private industry might stray into the socialism thing thy hate. Why not do this with something more important like healthcare? Republicans are hypocrites.

Funny, when Europe does this, it’s called “socialism”.

Uhhh, so much for the free market Republicans spent decades championing

So uh, Intel doesn’t get anything, and gives up 10% of their stock because they’ve just decided to retroactively alter the CHIPs act?

If tax payers are going to be investing into these businesses and they're avoiding taxes taking a share of the company is better than nothing.

I mean, it's socialism, but don't tell their voters

Fascism is a far-right, ultranationalist, and authoritarian political ideology that emerged in early 20th-century Europe, characterized by a totalitarian, one-party state, a charismatic leader, a fixation on national decline, and the suppression of individual rights and opposition groups. It combines elements of militarism, economic self-sufficiency, and mass mobilization, often through propaganda and violence, to achieve a vision of national purity and power.

Didn't the US do a similar thing to save our auto industry? Buying in? I'm hazy on the details, been a minute, but didn't we cash out and profit?

Not saying this is the end game here, but still?

Release the Trump/Epstein files

While I don't trust this administration in the slightest this isn't unprecidented:

• In 2009 he U.S. government took an initial 9.85% ownership stake in Chrysler as part of the company's bankruptcy restructuring. The government later sold its stake to the Italian automaker Fiat in 2011, exiting its investment completely.

• As part of the auto industry bailout in 2008 and 2009, the government received a 60.8% equity stake in GM. The government sold its final shares in 2013.

• American International Group (AIG): In its bailout, the U.S. government provided roughly $182 billion in aid and at one point held an almost 80% stake in the insurer. The government sold its last shares in 2012, ultimately making a profit.

And so the current Intel chipset I have will be the last I ever own.

AyyyyyyyyMD

Wasn't government cross-pollinating with industry a relevant component in 20th century definitions of fascism?

Next healthcare?

Everyone calling this socialism is a moron

isnt intel kinda dying with the latest fiasco with thier chips.

small penis government 😤

government owning the means of production?

🤔

Better for intel than not receiving $8B at all. It can avoid spending it on Ohio plant without upsetting politicians if no one wants to use Ohio made chips. But its not as though telecom companies ever faced real consequences for pocketing "rural broadband subsidies".

The best part about this, is political campaigns surrounded on confiscatory nationalization of climate terrorists and zionazi first political party influence is normalized.

Wow. Throw 16M people off health care, then invest the 'savings' in corporations. HEy, Intel, how do you like your blood money?

Yes but contrary to China, USA doesn't use government subsidies to promote their own industries, or state owned companies to spy on the rest of the world. 🤪
/S

I hope Intel survives because a Chinese (mainland+Taiwan) monopoly will not be good, but I am so sick of American disinformation regarding China. Always blaming China for things USA has been guilty of for decades before China.