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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: 0.814s | source
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jjcm ◴[22 Aug 25 22:36 UTC] No.44990743[source]▶
In general I would rather the government take a stake in corporations they're bailing out. I think the "too big to fail" bailouts in the past should have come with more of a cost for the business, so on one hand I'm glad this is finally happening.

On the other hand, I wish it were a more formalized process rather than this politicized "our president made a deal to save america!" / "Intel is back and the government is investing BUY INTEL SHARES" media event. These things should follow a strict set of rules and processes so investors and companies know what to expect. These kind of deals should be boring, not a media event.

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mempko ◴[22 Aug 25 23:24 UTC] No.44991177[source]▶
On a related story. Tesla was saved by a $500 million bailout loan from the DEO loan office. Part of the agreement was that the US government would take a stake in Tesla UNLESS they pay back the loan ahead of schedule. That's why Tesla paid it back ahead of schedule, Elon didn't want the government to take a stake. But he spun it as a victory for the US tax payer.

EDIT: Before downvoting, tell me where I'm wrong.

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1. vel0city ◴[23 Aug 25 01:26 UTC] No.44992080[source]▶
You're wrong because it wasn't some bailout it was a normal government loan available to to a wide range of companies. I'm not Tesla stan but it's massively misrepresenting the loan to call it a bailout. It's the kind of market investing the government should be doing, underwriting somewhat riskier loans to push the envelope on technology.

https://www.energy.gov/lpo/advanced-technology-vehicles-manu...

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2. mempko ◴[27 Aug 25 04:22 UTC] No.45035437[source]▶
What would have happened to Tesla without the loan? You don't think the DOE loan department had no idea of their finances? A bailout by another name is called?
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3. vel0city ◴[28 Aug 25 14:17 UTC] No.45052466[source]▶
If a bakery goes to a bank and gets a loan to fix their ovens is that a bailout?

Things like TARP bailouts and the auto industry bailout were weird one-off programs with very narrow beneficiaries that nobody else really had access to. This loan program in question is a normal, long standing program that anyone can apply for and has funded a lot of different things. Do you not see a difference between these?