Wasnt it Japan who, once again, bailed Big Sam on this issue?
this post was submitted on 24 Aug 2025
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Are you happy now, communists? We're nationalizing companies.
yeah I have no idea what the fuck is happening anymore. the GOP is full pedo-junta on business...
So, I haven't checked project 2025, but there is a Christian nationalist plan that wants to take over everything called Seven Mountains Mandate. You can just read the link, but the idea is to take over what they consider all major parts of society, including business and have a Christian Dominion.
yeah they're fuckin nutso too. fml
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Why does he always close with "Thank you for your attention to this matter"? Does he think he's got his big boy pants on or something?
Until I read your comment, I thought this was satire and not the actual tweet. What in the fuck
I wish he would say, “And God have mercy on our souls.”
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He just nationalized Intel. That's what conservatives are afraid of far left governments doing.
Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.
For real, this just further cemented me not wanting to buy any new Intel devices.
So true, I've officially bought my last Intel product, though I didn't know it at the time.. A shame cause I was interested in their GPUs at maybe some point in the future. From now on it's either ARM or AMD. Can't support a company (partially) controlled by a fascism regime.
There's literally Intel Management Engine or how is it called.
And they are literally an American corporation that has always benefited from American governments pressuring competitors from other countries, and that was important for MIC since 70s.
So that kind of trust was a clear no since long before I was born.
Yeah... no one who this matters to thought that anyway. Either you get Chinese or US backdoors in your hardware. This has always been true. Theoretically Intel could make some backdoorless chips for government use though, but we won't have access to that.
Their biggest problem is that people don't want to buy their stuff because it's bad, they can worry about their backdoory image later
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Intel never deserved trust. They rigged the game by cheating on benchmark tests and deserve the karma they are currently enjoying.
I guess the average consumer would not be very aware of Intel being so shitty, but now everyone has a reason to be wary of them.
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10% is not "nationalized". It's "19.99% nationalized". Need to have a majority stake (like 50.01%) to call it "nationalized".
Or maybe I'm wrong.
10% is a controlling share. The government (Trump) owns enough to make major decisions about how the company is run.
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Yup. They also rewrote national broadband funding criteria so starlink would win most of the state contracts for funding. If the states are stupid enough to take it, the Elon Musk will own their citizens internet. Colorado just announced Starlink won half of all the contracts and Amazon the other half(I didn't even know Amazon provided Internet holy terrifying):
You may experience difficulty connecting to some web domains and your homepage has been preselected for you. Your monthly history will be reviewed and unpatriotic web usage will result in detainment or deportation.
Congratulations on your Freedom!
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Those worthless cunt traitors never acted in good faith. FFS, they willingly elected a child rapist.
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Fucking hilarious that this is party that starts seizing the means of production.
It was never, ever even once about states rights. It was never about fighting communism. It’s all racism, always has been.
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So how did they get all that stock for free?
When Biden was president the Democrats passed the Chips Act, which has grants for chipmakers to build in the US. When Trump took power he basically stopped issuing these grants to companies that were set to get them.
My understanding is that basically Intel will give 10% of itself if Trump stops blocking the grants it was already set to get. I guess Intel's thinking is that if they make the US a part owner, then Trump won't obstruct the company so much.
This might sound like good news (kind of) in that the government is getting equity in return for the money, but I doubt Trump will enforce the original requirements and purpose of the grants, so Intel probably won't end up finishing many of the factories it was supposed to build. It also sets a precedent that you can't rely on goverment grants to do things as future parties may change the terms of the deal retroactively, even after you already started.
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The stake will be paid for through $5.7 billion in grants previously awarded to Intel under the 2022 U.S. CHIPS and Science Act, plus $3.2 billion awarded to the company as part of a program called Secure Enclave. It’s a formerly classified initiative that Congress appropriated funds for in 2024 after lobbying by Intel, Politico reported in 2024.
Including $2.2 billion in CHIPs grants Intel has received so far, the total investment is $11.1 billion, or 9.9%. Intel is valued at about $108 billion on the stock market.
Oh got it. It's Trump attempting to take credit for Biden's good legislation.
Now that checks out. Thanks!
so, AMD for me from now on then.
Yes, but also because they're just better chips and you probably should have only been getting them to begin with. Way more power efficient, smaller process, less heat, easier to upgrade, better multi core performance, lower price; you just get a better CPU.
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i just got an amd card in response :)
Oh i've been buying AMD for a while because Intel has been rudderless for ages
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I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company.
That i tried to get fired less than two weeks ago.
Could you imagine how many times the word "socialism" would be blasted on Fox News if Biden did this?
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Lol at all the conservatives screeching about "socialism" and "communism" and how they will be the downfall of our country, then slurping up Trump nationalizing part of Intel 🤣
They don't believe in anything, just brain dead simpleton cultists who would happily stick their tongue into a rat trap if Trump told them to do it.
Somehow this is okay but bailing out GM was a problem.
I expect all the ML people to be celebrating this move towards socialism. Such a shit move but a shit admin.
Release the Trump/Epstein files
The way This Guy capitalizes Random Words drives me INSANE.
If you wanna be president of the United States, you should at least learn the language.
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