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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: 0.346s | source
1. BurningFrog ◴[22 Aug 25 23:32 UTC] No.44991241[source]▶
So did they buy these stocks from Intel itself?

Does that dilute the share other intel stock owners have?

This stuff always confuses me.

replies(2): >>44991315 #>>44993979 #
2. anon291 ◴[22 Aug 25 23:42 UTC] No.44991315[source]▶
The stocks were not bought. Intel's board literally voted to give 1/10 of the company to the American government. Any sort of other take is propaganda. The claim that the shares were in exchange for grant money is false. Grant money is free and requires no payback. Congress authorized grants, not equity investments.
3. theurerjohn3 ◴[23 Aug 25 07:14 UTC] No.44993979[source]▶
> So did they buy these stocks from Intel itself?

in a sense, although buy is not quite the right word. there were grants promised to chip manufacturers under certian conditions. trump decided to wave those conditions just for intel in exchange for 10% of the company.

> Does that dilute the share other intel stock owners have?

no, the shares were already existing and owned by intel.