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607 points givemeethekeys | 1 comments | | HN request time: 0.207s | source
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russellbeattie ◴[] No.44990002[source]
> "The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars,” President Trump wrote"

This wasn't any sort of investment, it was blackmail. No corporation in the country would voluntarily give up 10% of the company to the federal government - for free - unless overtly threatened. The Trump administration is hoping that by exerting control over Intel, it can begin dictating conditions to Intel's customers, thus the tech community at large.

I also assume that one of Trump's cronies will take a spot on the board or some other oversight role, and in the near future, Intel will enrich Trump in one way or another, such as stock, investments, insider information, etc.

Nothing about this is good for the U.S. or Intel. It's not a bailout or a sign of support, but a way for Trump to have power over the tech sector.

replies(3): >>44990183 #>>44990439 #>>44990689 #
1. coliveira ◴[] No.44990689[source]
And now we see Trump taking over the US economy! He will not stop there, of course. If Intel folded, other companies of "national interest" will follow suit and Trump will appoint his friends to each of them.