if this was biden fox would be running 24/7 coverage about this communistic act
this post was submitted on 20 Aug 2025
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I'm against the government cutting a check to a corporation without extracting a direct, concrete benefit to the American taxpayer. So I'm in favor of this.
Dont be fooled. This federal asset will end up as a billionaire asset. Id take the win but I know better.
According to Commerce Secretary Howard Lutnick, the plan would see the US disbursing approved CHIPS Act grants only after acquiring non-voting shares of Intel and likely other chipmakers. That would allow the US to profit off its investment in chipmakers, Lutnick suggested, and Sanders told Reuters that he agreed American taxpayers could benefit from the potential deals.
"If microchip companies make a profit from the generous grants they receive from the federal government, the taxpayers of America have a right to a reasonable return on that investment," Sanders said.
The plan is that instead of just giving Intel the public's money with no strings, the public would get something in return. I have to admit that doesn't sound awful to me.
Yes. Of course. Because that's what will happen, that money will go into improving services for the public rather than being funnelled into a rich pricks pockets. Totally what will happen, no reason to doubt that whatsoever.
"Fascism should more properly be called corporatism because it is the merger of state and corporate power."
— Benito Mussolini
Fascism is Imperialism turned inwards.
Fascism is capitalism in decline.
Both of these quotes get attributed to Lenin but I think only the second is.
They are essentially equivalent though. Imperialism is a requirement of capitalism and the methods capitalist use to oppress the third world get turned inward on the imperial core. You will see ICE use the same methods the IDF has used in the west bank and Gaza. These were training grounds for Fascist oppression and specifically in methods of crowd control.
I wonder what this would mean for competition. Would US adopt rules that are beneficial to Intel to increase their share price?
How it may happen: Nvidia and AMD get restrictions on selling to China (already happening, but discussed more in the past weeks before this announcement) and can't sell their best. Intel may be allowed to sell their newest tech to get a competitive edge which will even the playing field, or Nvidia and AMD can be told if they want an even playing field they must sell portions of their company to the U.S. government as well.
Want to sell the newest tech, throw in a couple board seats.
What in the ever living fuck happened to “the free market”?!?!
Don’t innovate and sell faulty chips which ignite in people’s PCs? Should go out of business. This bail out nonsense is so stupid. Always privatize the gains and socialize the losses in good ol USA.
Well this isn't exactly a bailout per se. The government will own a chunk of Intel, which is pretty much the beginning of what should happen if something is "too big to fail" and needs a bailout: nationalization.
Now, who the hell knows if this will end up being a good use of tax dollars, but at the very least it's not a free bailout for fucking billionaires whose milking of the system crashed it.
I can see where this may help open the door / set precedent for the country to buy out or into companies long term.. but when Intel declared they are basically dead in the water because their tech was at least 5 years behind on research now and in the last 5 years their stock as essentially halved, who can say what it will do other than cushion Intels fall.
