After concerns were raised by congress that Intel’s current CEO Lip-Bu Tan was a venture capitalist investing in Chinese companies, a concern shared by President Trump, apparently things have changed considerably.
Mr. Lip-Bu Tan came to the White House to address concerns about protecting U.S. national security interests. President Trump announces the U.S. government now has a 10% stake in the tech firm.
President Trump (Truth Social) – “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.”
Intel has been struggling for the past several years, and President Trump has been focused on getting Semiconductor and Chip manufacturing established in the USA, a big national security issue. The Trump administration has been negotiating a 10% stake in Intel by converting grants the company was awarded under former President Joe Biden.
Obviously, I’m not a big fan of government collaboration with private corporations, but this approach aligns with a very specific national security issue. This sounds like something Commerce Secretary Lutnick and President Trump would structure as a win/win.
“The government’s investment in Intel will be a passive ownership, with no Board representation or other governance or information rights. The government also agrees to vote with the Company’s Board of Directors on matters requiring shareholder approval, with limited exceptions.”
Someone will have to convince me that this is a good idea.
SoftBank of Japan is also investing $2 billion. A side story that is missed out here.
How is a free 10% bad in any way?
I just don’t like government ownership of businesses in any form.
Details of the Stake Acquisition:
On August 22, 2025, President Trump confirmed that the U.S. government would purchase a 9.9% stake in Intel for approximately $8.9 billion, translating to about $20.47 per share—below Intel’s recent market price of $24.80. This investment will be funded through previously awarded but unpaid grants under the CHIPS Act, which aims to support semiconductor manufacturing in the U.S.
Whereas before under the CHIPS act the gov’t was giving away our tax payer and deficit spending money for free, Trump admin is getting 10% ownership in exchange for gov’t grants.
He monetized gov’t grants into asset acquisition for the Federal gov’t which is supposed to be for the benefit of We The People.
Thank you for that information.
Isn’t the historic definition of Fascism that a government took part or whole ownership of a commercial enterprise??
This is the reason for giving pause, not that we want Intel to fail as a commercial entity. “National Security” is not a reason to accept or promote historic fascism.
IF Trump were serious about meritocracy….now would have been the time to prove it.
He has injected our government into a place where it doesn’t belong operating: free captialism / markets.
I do give pause.
My above post conveyed an explainer and a Trump is “making lemonade out of lemons” argument.
It is.
You are 100% correct about the definition. Trump is 100% correct that this is such a strategic capability, that we the people need to step in to prevent collapse until manufacturing gets repatriated.
SpaceX is another example of an incredibly important strategic capability – space lift – that required a private solution and govt investment. The end result has been getting the US govt out of the main business of rocketry, and that resulted in a collapse (in a good way) of the cost-per-kg-to-orbit for satellites.
If we’re going to spend our tax money on something, it should be stuff we desperately need.
So the U.S. ought to just hand out the money per Joey,
instead of getting a return on the billions?
The ‘retarded’ argument of fascism which comes from the FDRcrats has no bearing at all.
“The government’s investment in Intel will be a passive ownership, with no Board representation or other governance or information rights. The government also agrees to vote with the Company’s Board of Directors on matters requiring shareholder approval, with limited exceptions.”
The USG is not taking voting rights. They won’t be dictating company policy.
That’s not Fascism. That’s the definition of a Silent Partner.
Congress will have to approve the expenditure, right?
Until that happens, this is just a nice announcement and this is a really very extremely bad slippery slope for our nation to be on. It already has the left side of the Uniparty willing to jail, even do in lethally, their political opponents and this move gives the right side of that Uniparty bird the justification to nationalize all businesses, whether public or private, for the benefit of fixing the nation’s deficit (instead of just reining in spending).
Per SD’s post, they are converting grants awarded during the Biden admin to stock.
Is this legal? When was the authorization for the federal government to become stockholder created? These are the questions I have, and are the questions which need to be answered, in my opinion, so basically the questions I want to have answered.
Good questions. I didn’t think they could directly invest in stocks either.
I found this that might be helpful.
https://valueofstocks.com/2022/03/20/government-buy-stocks/
I’m unsure in this particular example.
Thank you Sunshine
Biden gave away $ to Intel. Lutnick turned it into an asset.
Regardless, me and most Treepers shouldn’t be thrilled about Government getting involved in free enterprise. Especially since The Constitution doesn’t says government should own 10% of companies
Recall Obama took over ownership of GM (New GM as the existing stock had no value). This is a continuation of the industrial policy of Obama and Biden. Sort of like the CCP.
Seems a bit more complicated, but no SEC filing so far:
“The government’s investment in Intel will be a passive ownership, with no Board representation or other governance or information rights. The government also agrees to vote with the Company’s Board of Directors on matters requiring shareholder approval, with limited exceptions.
The government will receive a five-year warrant, at $20 per share for an additional five percent of Intel common shares, exercisable only if Intel ceases to own at least 51% of the foundry business.
The existing claw-back and profit-sharing provisions associated with the government’s previously dispersed $2.2 billion grant to Intel under the CHIPS Act will be eliminated to create permanency of capital as the company advances its U.S. investment plans.”
Yup, it’s a slippery slope toward corporatism/fascism.
We’re from the government and we’re here to “help.”
… as in “help ourselves”
If I were the devil I would help…………
It’s not free. They are converting grants.
Optimal solutions. We the people do not know how close we still are to an economic catastrophic collapse.
If not for the hand of God and His placement of PDJT to lead this country at this time, we may have already done so. I know most Treepers already know this. God bless 🙏🏽❤️
It gives government more incentive to tip the scales. Some companies should die off.
Always consider how this will be used unfavorably by those who want to control us.
How about regulations/legislations/permitting, etc. favorable to Intel, but not for rivals such as AMD?
How about specifying that every Federal PC has to utilize Intel chips. If the Feds are buying, then price doesn’t matter.
How about at least 1 out of every 10 chips has a backdoor into the PC they’re powering?
Government ownership of any private business for any reason is always “bad”.
u r kidding right?
I will give you 10% more free super sized…..
Bad in any way?
There is nothing free, in business, or in life.
It’s already paid for- only Biden was asleep at the time.
Lets say the Democrat crime gang controls government and exercises its Intel ownership to deny sales of chips to Musk in favor of Bezos or the terms are more favorable for one versus the other.
That’s bad.
Even if the government ownership is totally passive i.e no voting, no Board, the ownership may cause changes in government procurement to favor the government owned business, or affect changes in legislation that favors the gov owned vs its competitors.
Having explained the “dark side”, let’s look at reality. The Biden give away was granted; Trump got the taxpayers something in return. If Trump did nothing the taxpayers just gave it away with only a more nebulous future benefit. Now over time the government theoretically could sell stock to help reduce debt.
It wasn’t free.
“The Trump administration has been negotiating a 10% stake in Intel by converting grants the company was awarded under former President Joe Biden.”
Biden gave Intel $7.9b in grants.
Intel is paying that back as $11b worth of shares (interest added I guess).
Nothing wrong with owning a non-controlling share. Future governments can always sell the shares off.
Sovereign wealth funds (govt owned) own shares all over the place. It’s an investment, not control of means of production.
First it will be 10%….
Will the USG demand a board seat, or maybe another 10%. Don’t like it!
My sentiments exactly! While we can trust this POTUS, we cannot trust successive administrations, regardless of party. Hopefully by the end of Trump’s term the USG is out of this venture.
Trust
No
One!
I don’t think issuing shares is “paying that back”. It’s diluting the ownership of existing shareholders.
Agreed. Sounds like a win until you step back and think of the long-term consequences. When a Dem gets back into the office of POTUS (they will eventually), this essentially becomes a massive slush fund for all kinds of nefarious activity with no oversight or accountability.
Intel could have rejected the grants. No corporation has to take the grants thus no government ownership.
To me, the government has no business picking winners and losers by “giving” grants to any company. But, since this is reality and it happened and Intel took the grants then tit for tat.
Free money addiction is 10000x more addictive than heroin.
Getting ‘government’ into Big Business always leads to shite; medicine, pharmacy, housing, business, and personal jobs and money have all gone to pot because of ‘government’ takeover!!
God Help US
Big ‘government’ Bigger problems for US. Small ‘government’ should always be the goal for real freedom. World Government will lead to Communism; no other outcome can be the outcome.
It is not within the Constitution’s definition of the proper role of government. And, a state should not be investing taxpayers money in stocks, like many do. I’ve never looked at Pres. Trump as a constitutionalist, but he often lands as one. A 10 percent ownership/control stake aligns with his business and opportunist mindset. Remember, it was national security concerns that birthed the 4th branch. I greatly respect Sundance’s understanding, but this smacks of socialist thought, which has been engraned into the past two generations so much that we often don’t know when we’re thinking it. Nothing about this sits well with me. But, I will listen to reason. Blind following… not so much.
Remember what Ronald Reagan said.
Don’t open the door if they ssy, “were the government and were here to help you”.
(copy paste my reply to comment above)
Biden gave Intel $7.9b in grants.
Intel is paying that back as $11b worth of shares (interest added I guess).
Nothing wrong with owning a non-controlling share. Future governments can always sell the shares off.
Sovereign wealth funds (govt owned) own shares all over the place. It’s an investment, not control of means of production.
Paying back an advance is one thing.
Taking a percentage of ownership of an enterprise, by an entity (the federal government) which said entity regulates, approves permits, denies permits, sets rates for fees and taxes, can just as easily set those rates, fees, taxes and permit regulations in an adversarial way to kill any competition.
Two different events wrapped up in one to sell to people with the flourish of ‘doing good’.
This consumer isn’t buying.
Our Constitution does not permit Sovereign Wealth Funds and an amendment, passed by a majority of the States, is required to happen in order to allow for such a creature.
Perhaps President Trump needs to add a few more seasoned government people around and depend a bit less on the high-stakes businessmen he is surrounded with.
Hope someone with some influence on President Trump still reads here now and then – this forgotten American has their shackles up over this misadventure.
‘Obviously, I’m not a big fan of government collaboration with private corporations, but this approach aligns with a very specific national security issue. ‘
Defense of fascism ultimately ends up at “National Security”.
Including the current US model of inverted fascism, or corporate-government “partnership” controlled largely from the corporate side.
The difference now is that the total surveillance panopticon and control systems are being built along with the fascism. You will either conform and assimilate or be cut off.
And the financial control will be accomplished without CBDC, by stablecoin incorporating the government control via the “public- private partnership” (fascism) sidestepping the central banks and Federal Reserve.
It’s all frogmarching us toward the planned end state:
Totalitarian US participating in the coming totalitarian “multi-polar global governance”.
What about the things degrading the US, like the drugs, economic down force, and biowarfare democide of the coerced genetic manipulation injections? Glad you asked, this and the other degradation programs executing are evidently intended to weaken the US opposition to the frog boil warming up. Political opposition becomes nigh impossible when the people are struggling to survive with the illness and increased deaths in their families from the drugs and the shots, compounded by the economic falling.
As long as there is complete transparency, no political influence or corporate governance, I’m good with it.
how else can the taxpayers get back the billions in ‘Chip Grants’ that Biden gave to Intel?
Obiden’s “10% for the Big Guy” was to enrich himself to America’s detriment, but President Trump’s is to enrich the People for America’s blessing.
“Donald Trump gave up his wealth for America. Joe Biden gave up America for his wealth. Know the difference. Donald Trump was too patriotic for Washington, DC.”—Brigitte Gabriel
I cannot understand why it is so important to have government money invested into huge companies when we do not need these big monopolies but rather many smaller companies. These used to serve the public well so if regulation was seriously reduced they would be able to function economically.
Sounds like a creative win/win/win.
But then need to pay attention to future downsides.
And at some future point hopefully, commit these shares to reduce the catastrophic
national debt.
This is part of the strategic counter to China’s threat against Taiwan.
The urgent problem was to allow Intel’s current CEO Lip-Bu Tan to continue
to guide Intel to success at the leading edge of chip technology despite his
ties to China. Trump and others think Tan can do that.
This is much better than the Biden, hose it with $money and grift and
move on to another debacle and take a nap, approach.
Many upsides to this. But adults need to pay attention,
to see that it does not slip back into more Biden level corruption.
I am vigorously opposed to this action.
I don’t care if there might be a “good” reason to do this. But the Federal government has NO BUSINESS owning even one share of any private sector business — no matter how “vital” to national security!
Very disappointed in this action.
Who do you think “ownes” Raytheon, Lockheed, Northrop…
Intel Public Statement Here:
“The government’s investment in Intel will be a passive ownership, with no Board representation or other governance or information rights. The government also agrees to vote with the Company’s Board of Directors on matters requiring shareholder approval, with limited exceptions.”
I think this is the key element, the government will largely be passive but has retained the right to vote against the board of directors on limited exceptions. Major corporate decisions such as mergers and acquisitions, election of the board, or amendment of the bylaws require shareholder consent. It is in these details that the US Government is likely gaining the protection against Intel being merged or acquired by a non-US (read: Chinese) corporation. Other than the limited exceptions, the USG shares will support all board actions.
What are the “exceptions?” Who determines when an “exception” is an “exception”? Isn’t the word “exception” synonymous with “loophole” (usually to the detriment of regular folks)?
I do not like gov’t owning private businesses. Trump needs to sell those shares before he leaves office b/c Dems will abuse such ownership if they get back in power!
A colleague of mine – spent most of his career at intel – was laid off a few weeks ago here in AZ. He was part of many others getting pink slips. Semi cos are dumping us citizen talent while complaining they need more h1b. Its frustrating to see america first progress of maga, but the reality is that dot com bust 2.0 seems to be accelerating.
Is it possible we are witnessing the next phase of non kinetic ww3? USG gets control of key industries in wartime. Its happened before.
So… from some guys in California who started Intel to Lip-Bu_Tan who turned the company towards China…
The guy has an impressive background for sure, but when we offshored chip manufacturing because it was cheap slave labor, I lost my faith in the American ideal of innovation + manufacturing. Tons of people in America lost their jobs during that transition. I had the privilege of touring a sub-micron facility in Santa Clara back in the day before all the big layoffs. And then there was the onslaught of H1B Visa holders. And Musk can go to hell on that point.
I welcome Trump pushing to get manufacturing back on our soil. Not sure this move is the right way, but I’m just a grain of sand in the sea of opinions.
https://en.wikipedia.org/wiki/Lip-Bu_Tan
I trust President Trump. And I understand this is, at the moment, better than just handing out our tax dollars and we the people get nothing in return.
But how is any of this fair to other U.S. companies like AMD?
Put me in the against column. Fascist policy is not freedom for anyone. We see that in Israeli companies where the state owns a golden share and can control the sale of the company and manipulate its policies. No thank you. The market could have absorbed these shares and paid those grants.
This is going to be the disaster that gives life to the left wing’s claim that President Trump and his administration are fascists.
Our government is NEVER allowed to pick winners or losers when it comes to the business world, whether private or public, it is only allowed to set the rules, and then if the enterprise breaks the rule, equal application regardless of the company must apply.
This Intel venture needs to be fully explained, and be approved by Congress, and if needed new laws passed. This event, combined with President Trump’s refusal to shut down Tik Tok as the Supreme Court has ruled, simply awaits that 3rd item (trouble comes in three, as the saying goes) that will create the image needed by the left to win the next election, and once they gain control of the House and Senate in 2026, to not only impeach, but remove him from office. Once that happens then Peter Theil’s man becomes President so don’t be surprised if all those new pro-GOP tech fans side with the Democrats just so they can put their man in the top spot.
Appeasing Chinese controlled companies in the hopes of making a good trade deal with communist China is not the winning strategy President Trump thinks it is. China doesn’t care, just as we re seeing Russia doesn’t care. Both have obviously read his book, The Art of the Deal, and are stringing him along by playing to his businessman persona.
Sad that this is happening at all.
Businesses are meant, in our capitalist society, to live or die by their own. If both those businesses go under, better ones will appear, ones in line with the rules and laws that all the other businesses in our country must follow.
Gov doesn’t pick winners and losers? Have you lived or witnessed the past century and to wit the last 25 years- the calamity of 2008,8,10? The $800b bailout of selected entities? On deeper level The cartel of central bankers and the corruption of legislatures via lobbyists ,The IRS? The MID? Regulatory favoritism, NGO’s… I’m not sure in outcomes, is there much difference? It’s not fair nor free enterprise.
Amazing that Intel went from a large college like campus in Silicon Valley under John Chambers…(The campus included design, engineering, and manufacturing of the latest and greatest of all chip technologies…) then they went totally offshore with a CCP oriented CEO… my how we have fallen as a country…
Praying that VSGPDJT turns this around…
Public-Private partnership, such as this, is one of the keystones of FASCISM. [For those who may be unsure regarding the fundamental tenets of fascism, read “The Doctrine of Fascism,” by Benito Mussolini and Giovanni Gentile. Otherwise, read “Friendly Fascism” by Bertam Gross.]
Socialism, generally speaking, is full STATE OWNERSHIP of private industry; that is, the STATE OWNERSHIP of the private means of production. Fascism — the bastard stepchild of socialism — is the STATE CONTROL of the private means of production; where the STATE does not outright own such private concerns, but, rather the STATE, through various means, CONTROLS them … for example, through rules and regs or PARTNERSHIPS; where, thereby, the private concerns receives huge economic benefits — sometimes, near monopolistic advantages — in exchange for “playing ball with the STATE”.
[Other than these economic differences, the only other difference of significance between socialism and fascism is that socialism, ultimately, holds international objectives, while fascism is focused on strict nationalism.. Other than this, in any given real world example, one is hard pressed to distinguish between either of these comprehensively evil ideologies.]
Fascism … aka STATE-RUN Capitalism or Crony Capitalism, or, as I prefer to call it, Crony Profiteering … because such arrangements have next to nothing to do with open, free, and fair capitalism or any respectable private concern that is open to true competition.
This fascistic model is what the vast majority of NGO’s — again, another example of Public-Private Partnerships — are all about; where they are a means by which the STATE, without being directly responsible — other than TONS of taxpayer dollars — can get private actors to do the STATE’s bidding … while escaping STATE accountability. IOW: this is just a back-door means by which the STATE picks winners and losers … and works to control their SUBJECTS. [Note: populations living under such conditions are certainly not CITIZENS.]
It should be clear to one and all that the large majority — all? — of these STATE practices are a massively dangerous slippery slope. They are KILLERS of OPEN-FREE MARKETS; they are killers of free competition … motivated primarily, and, I will estimate solely, by factional politics.
For anyone looking to explain the great “Wealth Disparity of Individuals and Businesses”, look no further; such fascistic disparity exists largely because STATES, at the direction of those who have the resources and ambitions to do so, pay for STATES, particularly in the structure of their tax code, to make it so in their benefit. Such are happy partnerships … but not for anyone else.
In our NATION of FREE CITIZENS — that is, while we remain FREE with our remaining liberties — the only way such criminal activity — totally unconstitutional, really — can be stopped, effectively, is for We The People, collectively, to choose to do something about it; where such choosing would demand that We The People return our focus of all such national efforts back to our Fundamental American Principles. [For anyone who may be unsure regarding these fundamental principles, they are presented clearly, in plain black and white English language, in The Unanimous Declaration of 4 July 1776.]
Truly, this would be the only way by which we, as a NATION, could ever hope to MAGA & MAHA!
The STATE (the U.S. Government) already has control – through money infusions as well as congressional votes and regulators’ rules. The Deep State used the private sector to negate free speech during covid and DEI using its already-existing control mechanisms.
Certainly, in general, I agree.
Our USA GOVT — whhere GOVT is the “toolbox” of the Federal STATE — has been working FOR SEVERAL DECADES with massive PUBLIC-PRIVATE PARTNERSHIPS of ALL kinds; where, of course, any and all such STATE efforts — many in illegal or immoral partnership with Private Concerns — are financed with OUR TAX DOLLARS.
FUNDAMENTALLY, all such STATE efforts are UNCONSTITUTIONAL and should be — MUST BE — recognized by many more of We The People as CRIMINAL ENTERPRISES and, in turn, should be treated accordingly.
I, and others, FOR DECADES, have been writing and speaking about this NATIONAL SHAME — read: our FASCISTIC USA SYSTEM OF STATE — which seems, month by month, to be getting worse.
IOW: OUR NATION, for a long time, has been and continues to be “run” by a FASCISTIC FEDERAL STATE system. All of this is absolutely totally 180 degrees out of phase with our Fundamental American Principles.
The saddest part of all of this, however, is that the vast majority of We The People — LEGAL CITIZENS or otherwise — have next to no idea what this all means; they have next to no idea what is being written here on this particular blog site — in the Sundance articles and in our comments — as well as what is being written on many other pro-USA sites. Such a systemic shortcoming, if remaining unchecked, will lead to our national downfall … sooner rather than later.
In the meantime, to put a point on it, at this moment, we, as a NATION, are NO WHERE near to being a socialistic state; however, to repeat, we, as a NATION have been controlled, for a very long time, by a centralized top-down FASCISTIC FED STATE.
No NEW LAWS are going to correct this; certainly not if most of us have no clue as to what is going on. Making new laws, til the cows come home, but that will neotjer address nor solve one iota of this systemic problem.
The only hope we have — that is, to remain as CITIZENS and not be transformed to SUBJECTS — is for a whole bunch more of WE The People to learn and APPLY, to our system of GOVT, the true meaning of Fundamental Americanism; where such is defined by both our RIGHTS but also — and more importantly — by our DUTIES.
Most Americans know of such RIGHTS, but, for those who are unsure of such DUTIES, see them presented clearly in The Unanimous Declaration of 4 July 1776. Only through our collective adherence to such DUTIES can we have any reasonable chance at MAGA & MAHA!
Indeed!
I’ll be watching to see if this changes the timetable for PRC to invade Taiwan.
None of this would have been necessary if the CIA hadn’t overthrown Nationalist Chy-Na and installed Mao.
We can’t have all our chips made over there, and without our President, they would still be.
As Sundance says, we already have Inverted Fascism, Corporations over Government. Half of DC is on China’s payroll and this is a counter to that, IMO.
Where are all the Conservatives freaking out over Communism??
I am sure many of you would be crying if Biden took percentages of big corps.
They took big percentages of him.
ps; taking the Woke Tour Guides out of James Madison’s Home Montpelier would be Great Start to the Restoration, Mr. President.
“We are free today substantially, but the day will come when our Republic will be an impossibility. It will be an impossibility because wealth will be concentrated in the hands of a few. A Republic cannot stand upon bayonets, and when the day comes when the wealth of the nation will be in the hands of a few, then we must rely upon the wisdom of the best elements in the country to readjust the laws of the nations to the changed conditions.”
Socialize the risk, privatize the profit…now where have we seen that beforrre?
I still remember when Intel built that massive plant near Garden of the Gods in Colorado Springs. Then, before producing anything, they laid off all the employees, shuttered the factory, and offshored production.
Thanks George W Bush!
PS: the (empty) factory building is still there.
This is what we get, almost invariably, sooner rather than later, when We The People, collectively, let GOVT — REGARDLESS of which political party is currently driving GOVT policy — get materially involved in private enterprise … such as INTEL and countless 1000s of others. [We’re in pretty deep and we have created a massive problem.]
Do you not understand this? Are you surprised by the results?
GOVT involvement in private enterprise — generally known as FASCISM — is a KILLER of open, free, and fair competition. Such Public-Private Partnerships — and almost ALL NGO’s fit this categorization — have no place in our American way of life.
GOVT, in our USA, is there for one role, and one role only: to protect fairly and equally the certain unalienable rights of each and every LEGAL American CITIZEN. The more we take GOVT away from this task — in whichever direction — the more likely we CITIZENS will become SUBJECTS.
The ONLY solution to this UNCONSTITUTIONAL GOVT involvement is that We The People, in much larger numbers, insist that our GOVT actors cease and desist with all such activity.
IOW: We The People need to insist that our GOVT adhere strictly to Fundamental American Tenets; specifically, those as presented in THE Unanimous Declaration of 4 July 1776.
Such is up to us — We The People; again, as stated in The Unanimous Declaration — and to us, alone. No law is going to do the trick, especially when those who we elect to create, enforce, and prosecute the law are way too many self-serving sociopathic JUDASES, who, at the drop of a hat, will sell down the river … each and every one of us.
You know what else would help with company profitability? Not having a ceo compromised by china.
When will we stop this? Did you read about that major Chinese company now under the full leadership of an American? Yeah, me neither. It will never happen and that is correct. But, over here, we cannot wait to give our tech away to CEO’s whose allegiance is to a foreign adversary. It is madness.
A Public/Private partnership works well when you consider the implications of not having access to this technology in a national crisis. We are so very fortunate to have a POTUS who sees the security and safety ramifications of all of these “offshore” produced items that could potentially devastate our country if the supply were to be cut of during a conflict. Whether it be pharmaceuticals, medical supplies/equipment, silicon chips or energy, bringing the manufacture of them to the USA is a boon for national security and safety for all.
A stumbling block for Chyna is a nice move.
==Abracadabra INTEL no more investing in Chinese companies==. And America owns 10% of a chip company. With the businessman that is President. Great deal
I’ve come to the conclusion that if you have billions, you think anything can be solved with throwing money at it.
If you’re not wealthy, you realize that’s simply not the case.
You realize there’s something much greater at work here that has nothing to do with a dollar bill.
Intel was hurting from the rise of NVDIA and was on their way out.
However, the defense contractors have a tremendous number of products that operate on Intel chips.
It would be a nightmare if they had to second source another chip supplier.
Trump did the right thing to shore up Intel.
Is the CEO Thai or Chinese?
I pray something is being done about the origins of our electrical power infrastructure also, as chips won’t matter without kws.
This is a good read….and a different perspective on this deal that you might find interesting…
—-
Trump’s Intel Deal Shows How America Can Win by Investing in Itself
Chinese investors privately take stakes in Elon Musk’s companies
Read more at: https://www.deccanherald.com/business/chinese-investors-privately-take-stakes-in-elon-musks-companies-3439103