this post was submitted on 24 Aug 2025
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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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[โ€“] zod000@lemmy.dbzer0.com 59 points 1 day ago (1 children)

For real, this just further cemented me not wanting to buy any new Intel devices.

[โ€“] Decq@lemmy.world 4 points 6 hours ago

So true, I've officially bought my last Intel product, though I didn't know it at the time.. A shame cause I was interested in their GPUs at maybe some point in the future. From now on it's either ARM or AMD. Can't support a company (partially) controlled by a fascism regime.