yeah I have no idea what the fuck is happening anymore. the GOP is full pedo-junta on business...

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.

The stake will be paid for through $5.7 billion in grants previously awarded to Intel under the 2022 U.S. CHIPS and Science Act, plus $3.2 billion awarded to the company as part of a program called Secure Enclave. It’s a formerly classified initiative that Congress appropriated funds for in 2024 after lobbying by Intel, Politico reported in 2024.

Including $2.2 billion in CHIPs grants Intel has received so far, the total investment is $11.1 billion, or 9.9%. Intel is valued at about $108 billion on the stock market.

Until I read your comment, I thought this was satire and not the actual tweet. What in the fuck

I wish he would say, “And God have mercy on our souls.”

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

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

Yes, but also because they're just better chips and you probably should have only been getting them to begin with. Way more power efficient, smaller process, less heat, easier to upgrade, better multi core performance, lower price; you just get a better CPU.

Oh i've been buying AMD for a while because Intel has been rudderless for ages

if there's one thing that I support less than american companies, it's the american government

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

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.

Trump says US will take 10% stake in Intel because CEO wants to “keep his job”