Trump bought 10% INTEL?

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Alces-eater@reddit

What is it called when the government owns the means of production?

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GirlWithWolf@reddit

👋🏼👋🏼👋🏼 Me! Call on me! I’m taking a government class!

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LoufLif@reddit

You in the back with the wolf shirt ? 👩‍🏫

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explorer925@reddit

The answer is collectivism, which communism and fascism could both fall under

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LoufLif@reddit

And two for you, Glen Coco ! 🍭🍭 You go Glen Coco 👉

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Yeah, I can’t think of it. There’s a word for a system like that, but….man it’s just so rare to hear Republicans scream and rant about it. So yeah, just can’t recall at thing point. Dang. Fricken communist college probably ruined my brain, I’ll never figure it out.

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BigNastyBoil@reddit

Ronald rehab was a commie

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Physical_Analysis247@reddit

Careful not to conflate people with government

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Ricky_Ventura@reddit

No, when corporations own the means of production it's corporatism. Govt owning is fascism.

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lowteq@reddit

Socialism is not the same as fascism.

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Longjumping_Book_606@reddit

No.

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squirrel8296@reddit

Technically the government owning the means of production is a command economy. A command economy can happen in a communist, fascist, or even democratic state.

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Ricky_Ventura@reddit

Yes except we're not talking strictly about the economy. This is fascism.

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Soci3talCollaps3@reddit

This is why this is being discussed.

"soft secession"

https://www.reddit.com/r/RepublicofNE/s/ZqZCIlIOIW

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can_a_mod_suck_me@reddit

People in Canada want more Crown Corporations while Americans don’t. Kinda weird.

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Ricky_Ventura@reddit

Some Ameeicans do absolutely. Its just not the Americans that think women should be allowed to vote.

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bs2k2_point_0@reddit

when the only punishment is a fine, and the fine is less than what they stand to make, the law is merely a suggestion.

We need to stop corporations having human rights when they cannot be punished like a person. Not hand them over to the government. Especially this one.

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gilligan1050@reddit

That just makes it the cost of doing business.

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WaltzIntrepid5110@reddit

Nah, just need to start enforcing the laws on the corporation like it is in a conspiracy with the people running it. So Goldman Sachs gets in shit, the CEO and entire board of directors all get charged as associates to the crime.

We'd never have another 2008 housing bubble in a world where they they locked up all the bankers involved like they're fucking Bernie Madoff.

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bs2k2_point_0@reddit

That’s what I’m saying. There’s no actual skin in the game.

Still doesn’t mean they should have the same rights as you and I though. A corporation is not a living breathing person.

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can_a_mod_suck_me@reddit

In Canada it’s the ones the opposite crowd who want the government to be involved in controlling corporations.

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Ape_Rebel@reddit

See national socialism

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ImNotKitten@reddit

Yeah let's have government ran grocery stores in NYC and avoid the communist

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HiggsUAP@reddit

What exactly do you think the means of production are?

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4peaks2spheres@reddit

Lol idk what that is but it's not socialism/communism. Under socialism the workers would own the means of production. Sure it would be centrally owned by the people, but that's very different from this scenario in many ways.

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Mr_Blicky_@reddit

This is more in line with Mussolini style fascism than socialism like you are implying,

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greenteasamurai@reddit

Depends on the representation of the government. If it's democratically controlled by the people, socialism! If it's controlled by the oligarchic class and being used to drive more capital to said class, fascism!

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Th3_Admiral_@reddit

I remember so many Trump supporters proudly shooting down the "fascist" claims partly because fascism involves government control of key industries. I can't wait until they twist themselves into knots trying to explain why this is different.

Then again, we might almost be at the point where they just embrace the title and admit they are proud to be fascists. It sure feels like we are getting close to that.

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Sad_Proctologist@reddit

Trump supporters never have to twist themselves into knots. Liberals are like ants to the. MAGA doesn’t even notice when they step on them.

It’s liberals who tie themselves into knots shouting about Trump, but doing absolute zero about it from their phones and keyboards. I’m the comfort of their homes, cars, and work.

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Th3_Admiral_@reddit

Trump supporters never have to twist themselves into knots.

The whole Epstein thing is all you need to prove that's a lie. It's been crazy watching Trump supporters try to defend his actions here. And when they can't, to pretend it's just not happening at all. Maxwell who? Never heard of her.

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_John_Dillinger@reddit

i dunno man. I just watched shane gillis rip into trump (called him a pedophile and a liar) in front of 20000 people to thunderous applause last night. I don’t believe it’s as binary as you’ve convinced yourself. Almost everyone I know is uncomfortable about what’s going on.

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Th3_Admiral_@reddit

Maybe I'm just stuck in an echo chamber then, because my extended family is filled with MAGA Trump supporters and they are totally unphased by all of this. My parents are the closest I've seen to anyone actually waking up to this, but they still use really soft language like "They're all corrupt I guess". They cannot bring themselves to just say Trump is bad without making sure to frame it as him being no worse than anyone else.

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_John_Dillinger@reddit

That’s the rub. By acknowledging it to others, those people have to face the music in a social sense. They run the risk of ostracizing themselves from their own communities (again, in most cases) which is painful enough for most people to intentionally avoid when possible. Pay close enough attention and you will find a LOT of them testing the waters. They are in short dog whistling their discontent, as it’s the form of social signaling they are most accustomed to due to years of conditioning.

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ContestNo2060@reddit

It’s only fascism if there’s goosestepping

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DeGeorgetown@reddit

According to my maga family members, it's only fascism if the government tries to take their guns away. Everything else is perfectly fine.

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Aggravating-Gift-740@reddit

And secret police. You can’t call it fascism until you have a secret police force running around the country hiding their identities and disappearing people!

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logosfabula@reddit

Premise of fascism

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Midnight2012@reddit

Trump is a Stalanist

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BravelyDefunct@reddit

State capitalism

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devlafford@reddit

Surprise JDPON DON strikes again

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ForCaste@reddit

Socialism but this feels a little different, perhaps another name, national socialism perhaps?

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voiderest@reddit

I kinda feel like his aim is more of getting a vig rather than what you're hinting at. Whatever the government gets out of it probably won't benefit normal people.

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ApplicationLost126@reddit

China?

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squirrel8296@reddit

This is not communism. This is crony capitalism. The government isn’t owning the means of production, the government is propping up a failing business.

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Ricky_Ventura@reddit

Did they call it communism?

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squirrel8296@reddit

That’s what they were insinuating.

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Ricky_Ventura@reddit

I don't think it is...

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can_a_mod_suck_me@reddit

It’s called a crown corporation in Canada.

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ImNotFromTheInternet@reddit

Important to note here that 10% of Intel gives the govt no control over any means of production

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Th3_Admiral_@reddit

That's surprising, because the company I work for replaced our CEO because an investment firm that controlled 1% of the shares told them to. 10% seems like an incredibly powerful share of a major company like Intel.

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One-Employment3759@reddit

Especially when you pay nothing for it and dilute everyone's ownership.

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Ricky_Ventura@reddit

Explains why he threatened the CEO with economic sanctions if he didn't step down.

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ImNotFromTheInternet@reddit

*controls the means of production

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4peaks2spheres@reddit

So we for nationalizing the largest companies in the USA now? I'm all for it if it means the working class people of this country share in the profits and get to have input of their decisions. But that's never happen under this fascist regime.

Sadly, I have a feeling this is somehow going to be worse than an evil corporation only serving rich Oligarch stockholders. What death machines do the feds want to make with their tech? I assume it'll be fuckin awful 😞

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A__Whisper@reddit

For how much Americans like to say they hate the chinese, they seem really eager to adopt Chinese policy at every turn. First social credit and censorship, now this. Incredible, truly.

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angryanima@reddit

Worst kept secret in tech is that Intel is basically a zombie at this point, shambling along thanks to brand loyalty and government favoritism via tax credits. If anything, this move is the corporate equivalent of being hooked up to life support.

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instant_vintage13@reddit

corporate statism...fascism for short.

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bluenote20@reddit

Something something "commie"

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Additional_Day7365@reddit

Now you are socialist pedophiles? Man I can't keep up

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shaboid@reddit

Good ol' State Capitalism

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Za_Lords_Guard@reddit

So he is bragging for extorting revenue from a private entity in exchange for a grant they were already getting.

That's a real leader... In most places we call that a crime lord.

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jonnyrockets@reddit

Reminder: reWatch the sopranos

Trump didn’t pay for this all the other shareholders paid a portion of it so they can have control by the government. I’m not sure if this is laughable tragic or both but it’s scary.

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Ok-Secretary455@reddit

That caught my eye too. What exactly do you mean we paid nothing for the shares and now their worth $11 billion? Sounds like we should immediately sell them before they drop in value.

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Za_Lords_Guard@reddit

Sounds like we shouldn't be taking equity in private companies at all, especially if the money was already apportioned by Congress

It's his job to execute the congressional orders, not demand a piece of the actions.

Timeline if fucked.

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GlitteringChipmunk21@reddit

Yeah, he "bought" it in the same way that The Godfather bought "a taste" of the businesses in his neighborhood.

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dpdxguy@reddit

I would be the last person to defend Trump. And I don't have access to the WSJ to look at the details of this "deal," but I know we should not take Trump at his word for what the deal is or how it works.

Unless this "deal" personally enriches Trump, I don't see how what's described here is materially different from the United States supporting any critical industry.

Is this so much different from when the US bailed out Detroit a decade or two ago? When that happened, I remember people saying the country should have gotten GM and Chrysler stock instead of loaning money; that we'd all get a better return on our collective investment.

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Za_Lords_Guard@reddit

Obama was bailing out a failing industry. It was going to be catastrophic for the country. Trump isn't saving Intel. He's taking a 10% share for money already promised in the CHIPs act.

The shares they took helped ensure the companies made changes so as not to repeat the same bad moves in the future and to ensure the people got their money back. He was extremely clear that the US Government should not be in the business of owning private companies or holding equity in them as it is not possible to be fair when you are financially tied to one.

Trump is vague with details, but I have heard nothing about selling it when the grant is paid back (does that even make sense? it's a grant), this is not to save an industry, they were already awarded the money via the CHIPs act, dipshit is adding strings to a done deal.

Really simply the reasons were not the same, the economic factors are not the same, and the idea that the American government "owns" shares in private companies without mitigating reasons like Obama had should terrify anyone.

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dpdxguy@reddit

I have heard nothing about selling it when the grant is paid back (does that even make sense? it's a grant)

No. Grants are not paid back.

It reads like Trump is refusing to release the grant money unless Intel, in turn, grants stock to the US. Normally that would seem to be illegal since the grant money was appropriated by Congress.

My understanding of the law is that the president has no power to withhold congressional appropriations unless granted that power by Congress. But the Supreme Court has recently allowed Trump to withhold congressional appropriations, so... 🤷

Anyway, you're correct that Trump appears to be adding conditions to the appropriations from the CHIPs act. The president should not have such power.

Regardless, I haven't seen anything that suggests Trump is being personally enriched (given 10% of Intel) by this deal as others have claimed, though I would be entirely unsurprised to learn that there's a hidden deal that enriches him too. 😐

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Za_Lords_Guard@reddit

No, I wasn't even considering him getting a personal kick-back, though I agree it's beyond likely. My beef was entirely with the putting hooks in a private company like this. People get pissed when they think the government picks winners and losers in the kinds of subsidies it provides. This is an order of magnitude more troubling.

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WaltzIntrepid5110@reddit

This.

I came here to correct the title, but I'll up-vote and jump on this reply instead.

Trump STOLE 10% of Intel, via extortion. He didn't fucking buy it!

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weary_dreamer@reddit

I thought we were against communist China policies… so we’re in favor now?

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DenseReality6089@reddit

Everything he touches turns to shit. RIP intel

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Sortanotperfect@reddit

Isn't this about the same way they bailed out Chrysler through a stock purchase?

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Newbbbq@reddit

They were so terrified of socialism a mere 48 hours ago.

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down_by_the_shore@reddit

This isn’t socialism. This is cronyism.

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hero-of-kvatch44@reddit

State capitalism. Similar to how China runs their economy.

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btone911@reddit

Why can’t we get a lil bit of that socialist healthcare as a side piece?

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GazelleOne1567@reddit

There's the VA to incentivize military service but I hear a lot of complaints about it.

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Due-Pepper1403@reddit

Did not buy anything

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Altruistic-Joke2971@reddit

State Capitalism, just like dear ol’ China.

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AdministrativeFly192@reddit

If you have INTEL stock, sell as quickly as possible. You have a failed “businessman”, who has bankrupted every company he touches…. even a casino.

Everything Trump touches, he ruins.

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SaltRequirement3650@reddit

No. He very clearly stated he stole it.

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No-Fail7484@reddit

Strong armed them?

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DaveWoodstock@reddit

Pretty sure I won’t buy anything intel again.

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stroopwafelscontigo@reddit

This is why they constantly call their opposition “communists” - because they’re doing actual communist authoritarian shit like taking ownership of companies and levying heavy tariffs to use as a slush fund.

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Chogo82@reddit

Intel received a ton of free funding from the chip act only to pass it on to executives and layoff the working people during Biden era.

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ocean_800@reddit

Building fabs is insanely capital intensive, and whatever they got was a drop in the bucket. They had to lay off people, they just did it badly

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a-flying-trout@reddit

They’re still doing the layoffs like it’s going out of style.

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bs2k2_point_0@reddit

Politics aside, intel needed this. They only had cash reserves that would last about another 6 months. They screwed the pooch with several bad cpu releases and got schooled by amd with their am5 platform. They could have rebounded on their own had their latest gpu’s not had lackluster performance and driver issues. Between Nvidia and AMD, they don’t stand a chance of long term survival without some kind of groundbreaking tech to bring to market.

Considering the politics though, this is f’ed.

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ocean_800@reddit

I mean yes, the US cannot afford to lose interests in leading semiconductor manufacturing. The US was always going to need to step in in some way. The methods, idk

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IncomingAxofKindness@reddit

They still won't rebound without new customers. They need someone to actually want the chips coming off their fabs... or someone to buy and take over the fabs.

And now that this has happened, good look getting China to ever touch an Intel made chip. They will think the USA has backdoor spy tech in it. Just like we do for any of their CCP owned industries.

Intel's only hope is that somehow Trump can finagle them some new clients.

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lemaymayguy@reddit

Russia ;)

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bs2k2_point_0@reddit

Agreed

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-Calm_Skin-@reddit

What happened to bootstraps like the rest of us.

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bs2k2_point_0@reddit

I get it. I’m not saying we should or shouldn’t rescue intel. I’m simply saying they were not doing well from a cash flow perspective.

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double-xor@reddit

Six months is a lifetime. There were other options

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deadlandsMarshal@reddit

Time to go AMD with my next build.

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1AshyLarry1@reddit

Monarchy? No no that's not it. National socialism? No no that's not it. Communism? No no that's not it. Sorry can't seem to locate the term.

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aucme@reddit

“Stole” 10% of intel.

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Emotional-Hotel-4144@reddit

More like Trump is operating at 10% INTEL.

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Due_Satisfaction2167@reddit

No, he stole 10% of Intel by threatening g to withhold lawfully obligated funds if they didn’t give it to him.

This is one of many, many reasons why impoundment is illegal.

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Key_Pace_2496@reddit

Sounds like some Commie bullshit to me...

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MesozOwen@reddit

Isn’t this literally communism? The USA is now literally. Communist country. Am I missing something here? Is there a president for this in other democratic companies. Excuse my ignorance…

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Phree44@reddit

National socialism at work.

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Ok_Fan4354@reddit

Who owns the “wsj journal”? To help understand any inherent bias from the authors or company. Something everyone should do with any material, especially opinion and POV pieces..

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nomad2284@reddit

Time to sell

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WTFOMGBBQ@reddit

This is how we get to authoritarian communism..

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shessocold1969@reddit

Socialism. Aren’t they constantly wetting their beds over socialized healthcare? But they’re cool with this. What am I thinking, they don’t know what any of it means.

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KYresearcher42@reddit

Great distraction from the Epstein files….

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wraden66@reddit

I understand the reason for doing it but the thought of the federal government buying into any business sets a very dangerous precedent!

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Soci3talCollaps3@reddit

Meanwhile, talk of "soft secession"

https://www.reddit.com/r/RepublicofNE/s/ZqZCIlIOIW

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moonroots64@reddit

I'll never buy Intel again.

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Tenacious_Ritzy_32@reddit

He didn’t buy 10% of Intel. He was given 10% of Intel.

Granted, those shares were about 11 billion dollars worth, and Intel is receiving 11.1 billion dollars in gov’t money in return, but some of that money (about 4 billion, I think) was already granted to Intel under Biden, so it isn’t exactly tit for tat.

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socialmedia-username@reddit

He was given 10% ... through negotiation with the Chinese, who plan to reverse engineer the chips.

Always good when the POTUS agrees to give an enemy of the state technology that's critical to the country's defense in return for a cut of the profit. Yeah, real leader there /s

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Ricky_Ventura@reddit

Per Intel they were purchased through 3 grants.

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BudgetAudiophile@reddit

He done got got

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Details_Pending@reddit

The rights gone so far right they circled back to socialism

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-Calm_Skin-@reddit

Communism?

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AntiSonOfBitchamajig@reddit

There is also talk of government buying controlling share in mining companies / strategic metals companies. Hearing more of the same thing with this has me a bit concerned.

On a separate note, back in 2020 there was hushed news that the Federal Reserve was buying assets through SPVs, using BlackRock and LLCs to buy into the markets to support prices. Honestly... its getting wild where this could potentially go if such things are indeed truly happening, "stocks only go up" would be real, and the winners and losers artificially picked.

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Sad-Appeal976@reddit

So Magats are cheering for literal communism now

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SilencedObserver@reddit

Tribalism goes hard. It’s in our dna.

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Peterd90@reddit

My guess is don, the pedophile and con is the beneficial owner of the shares.

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u_r_being_watched@reddit

Derp, socialism bad, ugha ugha, Trump, grunt, scary people not white. Here let's do it in imogij. 🙄🖕🫵

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BigManWAGun@reddit

He literally says they didn’t pay anything for it.

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Ricky_Ventura@reddit

Yeah, he also said he didnt rape kids and would release the Epstein files.

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SummerDonNah@reddit

And it only cost us 11.1 billion to get 11.0 billion. Art of the deal!

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Ricky_Ventura@reddit

7 days after he threatened sanctions on Intel if the same CEO didnt step down

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SummerDonNah@reddit

And also it’s not even like we get 11 billion. We get the perceived value of 11 billion, so if shares tank then we lose even more!

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vagrantprodigy07@reddit

And the shares will tank, because Intel is struggling significantly.

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squirrel8296@reddit

Even with this bailout there’s a good chance Intel won’t survive. That’s how far behind they are.

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AccomplishedIron816@reddit

With government ownership though won’t that prevent the failure? They will just use tax dollars I assume to save it

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squirrel8296@reddit

Intel is so far behind their competitors at this point that it would be incredibly difficult for them to catch up. Their fabs for example are so far behind TSMC, Samsung, and GlobalFoundaries that even if Intel were to try to sell them off, no one would want to buy them.

And, that's ignoring the bad will Intel has rightfully earned from their customers (both PC manufacturers and end user customers). Most folks would love to see Intel go out of business. Intel has a long history of cheating on their partners and directly hurting those customers business. For example, Intel's cheating is why IBM no longer makes consumer PCs and why Compaq no longer exists. It's also part of the reason Intel chips never ended up in the iPhone.

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AccomplishedIron816@reddit

Wow I did not know this. Idk why I thought Intel had a huge stake on the chips coming out of Taiwan. I assume that is actually Nvidia? So amd and nviida probably could buy you Intel?

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squirrel8296@reddit

Nope, Intel largely produces their own chips.

Apple, AMD, and Nvidia are three of TSMC’s biggest customers. All three design their own chips and then have TSMC produce them, and TSMC only produces chips, they do not design them.

There’s also no real reason for either AMD or Nvidia to purchase Intel, even though they could. X86 (the architecture Intel and AMD uses) is becoming less and less important now that companies have scaled ARM chips up. AMD has a perpetual license to X86, so as long as they exist they can make X86 and Intel doesn’t have anything to offer. Nvidia tried to become an X86 licensee but Intel made a counteroffer that was not good so Nvidia put their R&D into their graphics cards and developing a new ARM chip that is nearing release.

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Ricky_Ventura@reddit

Intel is incredibly committed to failing. They tool 2.2 billion in govt aid earlier in the year and used it to layoff 25,000 people on top of another 50,000 they laid off at the end of last year.

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vagrantprodigy07@reddit

Agreed. They are a disaster atm.

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mordwand@reddit

You are the definition of a useful idiot lol.

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Th3_Admiral_@reddit

They just gave over 10% of their company to the government on a whim?

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BigManWAGun@reddit

Just quoting the mf

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Ricky_Ventura@reddit

Eh, reiterating an obvious lie without a second tonfact check. No sympathy.

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BigManWAGun@reddit

Meh, oh well.

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Th3_Admiral_@reddit

Well we already see the quote, but we're kinda trying to dig a bit deeper than that.

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Barnfire@reddit

I hate this timeline, and the trashing of the constitution, that we are living in.

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Liber_Vir@reddit

Intel gave the government 10% of intel.

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IncomingAxofKindness@reddit

It's not free. He's making them surrender the equity in return for finally unlocking the Chips Act money that Congress had already authorized but he "yoinked" back with an executive order in his first week.

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buttersofthands@reddit

I love how this violates numerous laws because what would be more American than that.

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IncomingAxofKindness@reddit

Imagine if Biden had done this.

Instead of it being an example of "amazing business sense and leadership" conservative news would have been losing their minds over "government overreach, tax and spend democrats" and straight up "Maoism."

Don't even get me started on the complete steam rolling of "states rights" going on right now.

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