481
U.S. government takes 10% stake in Intel, as Trump expands control over private sector (www.cnbc.com)
submitted 11 months ago by to c/technology@lemmy.world
90 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 28 points 11 months ago (1 child)

So uh, Intel doesn’t get anything, and gives up 10% of their stock because they’ve just decided to retroactively alter the CHIPs act?

  • permalink
  • fedilink
  • source
  • hideshow 2 child comments
    •
  • [–] 15 points 11 months ago (1 child)

    No, not at all. The government bought shares in Intel. When you have shares in a company you own part of the company.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 7 points 11 months ago

    Just to clarify and add to what you said, equity shares are not stocks. The gov gets dividends and such, but it isn't stock that is bought and sold on wall street. It's all about profitability and not about speculation. If the company makes money, so does the gov. If it loses money, the gov loses money.

  • permalink
  • fedilink
  • source
  • parent