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U.S. government takes 10% stake in Intel

(www.cnbc.com)
607 points givemeethekeys | 3 comments | 22 Aug 25 21:01 UTC | HN request time: 0s | source
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sobiolite ◴[22 Aug 25 22:04 UTC] No.44990406[source]▶
Ironic, Western politicians thought opening up to trade with China would lead to it adopting a Western model of government. Instead it's lead to the USA adopting the Chinese one.
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andsoitis ◴[22 Aug 25 22:40 UTC] No.44990790[source]▶
Western governments have taken a stake in, nationalised, or owned / operated corporations for a very long time!

Some examples: VOC, BBC, national airlines, etc.

List across countries: https://en.wikipedia.org/wiki/List_of_government-owned_compa...

US specific: https://en.wikipedia.org/wiki/State-owned_enterprises_of_the...

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1. legitster ◴[22 Aug 25 22:54 UTC] No.44990915[source]▶
Most of these were done under duress or specifically for public goods (BBC, for example).

Taking an ownership stake in broad daylight for political favors is very much unprecedented in the modern economy.

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2. delfinom ◴[22 Aug 25 23:04 UTC] No.44991002[source]▶
It's not if you now live in a (if not soon) dictatorship.
3. andsoitis ◴[22 Aug 25 23:41 UTC] No.44991309[source]▶
> Most of these were done under duress

So the Intel case not done under duress?

> Taking an ownership stake in broad daylight for political favors

The article didn’t spell it out or maybe I missed it but what political favors?