Lol I remember when I was around pre-school / kindergarten age and I was asking family members how to spell words so I could type into a Windows 3.1 "run program" dialog box "make sonic game".
festus
joined 2 years ago
Lol I remember when I was around pre-school / kindergarten age and I was asking family members how to spell words so I could type into a Windows 3.1 "run program" dialog box "make sonic game".
When Biden was president the Democrats passed the Chips Act, which has grants for chipmakers to build in the US. When Trump took power he basically stopped issuing these grants to companies that were set to get them.
My understanding is that basically Intel will give 10% of itself if Trump stops blocking the grants it was already set to get. I guess Intel's thinking is that if they make the US a part owner, then Trump won't obstruct the company so much.
This might sound like good news (kind of) in that the government is getting equity in return for the money, but I doubt Trump will enforce the original requirements and purpose of the grants, so Intel probably won't end up finishing many of the factories it was supposed to build. It also sets a precedent that you can't rely on goverment grants to do things as future parties may change the terms of the deal retroactively, even after you already started.