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US Intel

(stratechery.com)
539 points maguay | 2 comments | 26 Aug 25 10:47 UTC | HN request time: 0.727s | source
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monknomo ◴[26 Aug 25 15:37 UTC] No.45028039[source]▶
the president unilaterally extorting 10% ownership out of a company isn't going to build the kind of system that competes with anyone. Big business can't really thrive under this kind of thing any more than corner stores can thrive under a protection racket.
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1. righthand ◴[26 Aug 25 18:54 UTC] No.45030689[source]▶
As much as I dislike Trump, he didn’t extort anything. He renegotiated the profit-sharing terms for an equity stake in Intel.
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2. cpncrunch ◴[26 Aug 25 22:19 UTC] No.45033068[source]▶
This is the correct answer. All the news articles seem to be lacking in details, but the deal did indeed waive the profit-sharing and claw-back provisions:

https://www.intc.com/news-events/press-releases/detail/1748/...