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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: 0.221s | source
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voxadam ◴[22 Aug 25 21:29 UTC] No.44990041[source]▶
Intel press release:

https://newsroom.intel.com/corporate/intel-and-trump-adminis...

replies(1): >>44990541 #
robocat ◴[22 Aug 25 22:17 UTC] No.44990541[source]▶
So no shareholder vote required?

It is equivalent to a 10% dilution (shares issued for no extra cash).

replies(2): >>44990602 #>>44990687 #
lugu ◴[22 Aug 25 22:23 UTC] No.44990602[source]▶
How can this be any good for Intel? Why is the stock value bumping 6%?
replies(5): >>44990723 #>>44990724 #>>44990737 #>>44993836 #>>44998894 #
dragonwriter ◴[22 Aug 25 22:35 UTC] No.44990737[source]▶
Because the government having a financial interest in Intel’s success is expected by the market to result in the government acting in Intel’s interest, in order to profit.
replies(2): >>44991086 #>>44992494 #
1. artursapek ◴[22 Aug 25 23:13 UTC] No.44991086[source]▶
They also have a national security interest as well.