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U.S. government takes 10% stake in Intel

(www.cnbc.com)
607 points givemeethekeys | 1 comments | 22 Aug 25 21:01 UTC | HN request time: 0.225s | 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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torginus ◴[22 Aug 25 22:51 UTC] No.44990887[source]▶
Yeah, this so weird coming from the US. The US government has a history of writing no-strings-attached blank cheques to people/companies just so avoid the stigma of government control in public companies.

I wonder how the markets will react, will stocks go up because people will assume Intel's going to be a government mandated champion or will they go down because of the negative connotations government control brings?

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JackYoustra ◴[22 Aug 25 22:57 UTC] No.44990947[source]▶
Name one literal no-strings-attached blank cheque to a large company in the last 20 years
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1. notherhack ◴[22 Aug 25 23:12 UTC] No.44991074[source]▶
Any cost-plus defense or aerospace contract.