this post was submitted on 24 Aug 2025
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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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i just got an amd card in response :)

[–] aeternum@lemmy.blahaj.zone 7 points 2 hours ago (2 children)

Why does he always close with "Thank you for your attention to this matter"? Does he think he's got his big boy pants on or something?

[–] OrteilGenou@lemmy.world 1 points 18 minutes ago

If you had been sued as often as this guy, you'd probably be muttering random legalese in your sleep and unconsciously letting it leech into your vocab, too

[–] RememberTheApollo_@lemmy.world 1 points 1 hour ago* (last edited 1 hour ago)

Probably heard it once and thought it was cool or saw a couple of memes with it and now it’s his brain worm.

[–] letsgo2themall@lemmy.world 5 points 1 hour ago

so, AMD for me from now on then.

[–] IndustryStandard@lemmy.world 5 points 2 hours ago (1 children)

Years of failed management rewarded with government bailout.

[–] OrteilGenou@lemmy.world 1 points 17 minutes ago

I missed something, what did Intel get in return for 10% of their company?

[–] 4grams@awful.systems 50 points 15 hours ago (3 children)

Fucking hilarious that this is party that starts seizing the means of production.

It was never, ever even once about states rights. It was never about fighting communism. It’s all racism, always has been.

[–] vacuumflower@lemmy.sdf.org 3 points 3 hours ago

They are open enough about thinking some kind of late USSR, fixed against its deadlocks and broken feedback, would be the best system for them. I mean, having a one party system is very attractive, LOL.

And yeah, that crowd is about seizing whatever they want to build their idea of a better nation, with re-industrializing and so on. There are pits on the road, though.

And, honestly, never in history were many US politicians willing for the USSR to die as it did. They would, of course, ridicule the broken system and ideology, but the whole idea seemed more understandable than most European nations. And flattering.

It was never, ever even once about states rights. It was never about fighting communism. It’s all racism, always has been.

It's honestly funny, so - in Eastern Europe, when comparing ourselves to the USA, it's very easy to get sympathetic to these points. Also to color blindness and being against affirmative action, and such.

Because information travels non-linearly. From here many people really think that the racism problem is solved in the US, and it's just lazy Blacks not willing to work honestly, and that last point is racist, but if you say that American racists still think it's wrong for a white person to marry a black person, those same people won't believe you, it's not part of their own kind of racism, or that American racists actually exist in huge enough numbers, they think it's like calling others fascists here, something devalued by common usage. They'd be livid.

So - what I'm thinking is that USSR's dead hand was, in fact, not its nuclear shield, but its ideology and state architecture, and some people want to break their own bad, but functional system in favor of their imaginary picture of USSR. Which is just as detached from reality. USSR's checks and balances had a downside of stalling development and conserving the balance of power, nothing big got actually done. It would seem that they might actually come to the same result with far less blood, jump to 1960s USSR without a passing through 1920s-1950s, but wasting a few decades on that with a pretty clear end result would seem a bad idea.

That's about political systems, arguing against my imagination on what they think. With re-industrialization I agree completely. In general, oursourcing labor is directly opposed to labor rights, and labor rights are what guarantees political rights.

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[–] muusemuuse@sh.itjust.works 24 points 14 hours ago

Somehow this is okay but bailing out GM was a problem.

[–] randompasta@lemmy.today 181 points 1 day ago (9 children)

He just nationalized Intel. That's what conservatives are afraid of far left governments doing.

[–] vacuumflower@lemmy.sdf.org 5 points 3 hours ago* (last edited 3 hours ago) (2 children)

10% is not "nationalized". It's "19.99% nationalized". Need to have a majority stake (like 50.01%) to call it "nationalized".

Or maybe I'm wrong.

[–] randompasta@lemmy.today 4 points 2 hours ago

10% is a controlling share. The government (Trump) owns enough to make major decisions about how the company is run.

[–] leezh@lemmy.blahaj.zone 2 points 3 hours ago (1 children)

By your maths it's 10/50.01=19.99% nationalised, actually. :P

[–] vacuumflower@lemmy.sdf.org 2 points 2 hours ago

Yes, I've already fixed myself, it was sad

[–] Xaphanos@lemmy.world 139 points 23 hours ago (6 children)

Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.

[–] vacuumflower@lemmy.sdf.org 3 points 3 hours ago

There's literally Intel Management Engine or how is it called.

And they are literally an American corporation that has always benefited from American governments pressuring competitors from other countries, and that was important for MIC since 70s.

So that kind of trust was a clear no since long before I was born.

[–] socialsecurity@piefed.social 2 points 11 hours ago

Intel is a us corporate they do as the US spooks tell them to do.

That's national security laws.

[–] zod000@lemmy.dbzer0.com 51 points 22 hours ago

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

[–] frazw@lemmy.world 20 points 20 hours ago

Intel never deserved trust. They rigged the game by cheating on benchmark tests and deserve the karma they are currently enjoying.

I guess the average consumer would not be very aware of Intel being so shitty, but now everyone has a reason to be wary of them.

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[–] moody@lemmings.world 15 points 18 hours ago

"Nationalized" with a heavy dose of quote marks. The government now owns about 10% of Intel in non-voting shares. It's basically meaningless.

[–] pdxfed@lemmy.world 32 points 22 hours ago (1 children)

Yup. They also rewrote national broadband funding criteria so starlink would win most of the state contracts for funding. If the states are stupid enough to take it, the Elon Musk will own their citizens internet. Colorado just announced Starlink won half of all the contracts and Amazon the other half(I didn't even know Amazon provided Internet holy terrifying):

You may experience difficulty connecting to some web domains and your homepage has been preselected for you. Your monthly history will be reviewed and unpatriotic web usage will result in detainment or deportation.

Congratulations on your Freedom!

[–] vacuumflower@lemmy.sdf.org 2 points 3 hours ago

B-b-but Starlink doesn't build infrastructure for normal broadband, does it? So they basically got a load of free money for doing nothing on a state level, just their satellites flying someplace above? I mean, there are Starlink ground stations, so there is infrastructure, just how many people would use it instead of a normal service. You know, GPON to the door, no antenna suffering in bad weather, no exorbitant prices.

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[–] Lettuceeatlettuce@lemmy.ml 44 points 20 hours ago

Lol at all the conservatives screeching about "socialism" and "communism" and how they will be the downfall of our country, then slurping up Trump nationalizing part of Intel 🤣

They don't believe in anything, just brain dead simpleton cultists who would happily stick their tongue into a rat trap if Trump told them to do it.

[–] jballs@sh.itjust.works 79 points 22 hours ago (1 children)

Could you imagine how many times the word "socialism" would be blasted on Fox News if Biden did this?

[–] kibiz0r@midwest.social 29 points 19 hours ago* (last edited 19 hours ago) (2 children)

The way This Guy capitalizes Random Words drives me INSANE.

If you wanna be president of the United States, you should at least learn the language.

[–] vacuumflower@lemmy.sdf.org 1 points 3 hours ago

Isn't he mimicking the typography of oldish "wild west style" newspapers and other print? Both with different fonts, and varying capitalization, and sizes. Yelling at you from monochrome photos.

(Never been in the USA.)

[–] a1studmuffin@aussie.zone 10 points 15 hours ago

Also "Thank you for your attention to this matter." has such "Facebook local area group" energy, like a Boomer shouting into the void about teenagers always loitering at the bus stop.

[–] pHr34kY@lemmy.world 9 points 15 hours ago (1 children)

The United States will not seek direct representation on Intel's board

If they want change, they don't to vote on the board. They can just pass laws in Intel's favour.

Taxpayers are now all Intel shareholders. I can't understand what benefit this provides them.

[–] socialsecurity@piefed.social 3 points 11 hours ago

Better than giving away billions of dollars no string attached

[–] thejml@sh.itjust.works 101 points 23 hours ago (2 children)

I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company.

That i tried to get fired less than two weeks ago.

[–] ryper@lemmy.ca 34 points 22 hours ago (1 children)
[–] Teal@piefed.zip 15 points 18 hours ago (1 children)

A ten percent stake in the company and suddenly those concerning Chinese ties Trump mentioned aren’t a thing.

[–] vacuumflower@lemmy.sdf.org 3 points 3 hours ago

That part of his behavior his fans, I think, approve of.

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[–] MedicPigBabySaver@lemmy.world 37 points 21 hours ago

Release the Trump/Epstein files

[–] byte_0verflow@lemmy.ml 15 points 18 hours ago

Right when I was thinking of buying an intel cpu and gpu to support the company and do my little part in helping increase competition in the cpu and gpu sector. Guess I will stick with amd this time around.

[–] MrSmith@lemmy.world 55 points 23 hours ago (5 children)
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[–] NABDad@lemmy.world 20 points 20 hours ago
[–] ReverendIrreverence@lemmy.world 10 points 18 hours ago

Now do that with Exxon Mobil, Chevron and ConocoPhillips

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