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U.S. government takes 10% stake in Intel

(www.cnbc.com)
607 points givemeethekeys | 4 comments | 22 Aug 25 21:01 UTC | HN request time: 0s | source
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reg_dunlop ◴[22 Aug 25 21:34 UTC] No.44990101[source]▶
Forgive me...how is this different than taxes?

And wouldn't it be better to oh, I don't know, enforce the standard corporate tax rate?

replies(4): >>44990179 #>>44990632 #>>44990791 #>>44992306 #
wmf ◴[22 Aug 25 21:41 UTC] No.44990179[source]▶
This is a bailout; it's the opposite of taxes.
replies(2): >>44990242 #>>44990259 #
1. mikepurvis ◴[22 Aug 25 21:46 UTC] No.44990242[source]▶
Isn't it the opposite of a bailout, given that the US gov't is seizing an ownership stake retroactively based on past grants/bailouts but giving no new money at this time?
replies(1): >>44990329 #
2. wmf ◴[22 Aug 25 21:54 UTC] No.44990329[source]▶
The CHIPS Act was the bailout; this is just replacing the previous profit sharing with equity.
replies(2): >>44990762 #>>44991322 #
3. tester756 ◴[22 Aug 25 22:37 UTC] No.44990762[source]▶
It was very messy bailout then
4. anon291 ◴[22 Aug 25 23:43 UTC] No.44991322[source]▶
CHIPS act is a grant similar to a small business grant, not a bailout at all. It was intended to incentivize chip production in the United States and was available to any company manufacturing in the united states. It had no equity strings attached, as authorized by congress.