Comment on U.S. Senator Tom Cotton probes Intel board over CEO Lip-Bu Tan's former China links, raises national security concerns amid Cadence scandal

darkevilmac@lemmy.zip ⁨1⁩ ⁨month⁩ ago

• just_another_person@lemmy.world ⁨1⁩ ⁨month⁩ ago

  Naw. This is not what was happening at all. This is a ploy to try and nationalize a chip producer, as China has. AMD and Nvidia will never work, and Intel is low hanging fruit.

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  • socialsecurity@piefed.social ⁨1⁩ ⁨month⁩ ago

    Intel "leadership" destroyed the company with endless share buybacks and it now relies on capital infusion from the US government.

    It should be nationalized.

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    • just_another_person@lemmy.world ⁨1⁩ ⁨month⁩ ago

      Unless you’ve been reading different news, they aren’t receiving abnormal amounts of funds from the government. There was the CHIPS act, which has unfortunately been defunded.

      What are you speaking about specifically?

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      • Alphane_Moon@lemmy.world ⁨1⁩ ⁨month⁩ ago

        He ks refering to Intel spending large sums of money on stock buybacks instead investing it in their business.

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      • socialsecurity@piefed.social ⁨1⁩ ⁨month⁩ ago

        they aren't receiving abnormal amounts of funds from the government.

        This made me chuckle. I didn't realize chips money was completely removed...

        Intel can't fail, government will bail them put and when they do, it should be nationalized

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