Lincicome lists a number of problems with this transaction, including (but not limited to!):
- Intel making decisions for political rather than commercial considerations
- Intel’s board prioritizing government interests over their fiduciary duties
- Other companies being pressured to purchase Intel products, weakening their long-term position.
- Disadvantaging the competitive position of other companies
- Incentivizing the misallocation of private capital
Here's my biggest problem with the US stake in Intel, that's not in the list: whenever Intel turns a profit, 10% of it directly finances the fascist Trump regime.
People who want to fight fascism in the US absolutely need to boycott Intel from now on. That mean no Intel processors, but also no daughterboards or laptops with integrated Intel chipsets, or anything Intel-branded.