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

• just_another_person@lemmy.world ⁨2⁩ ⁨days⁩ 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 ⁨2⁩ ⁨days⁩ ago

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

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    • just_another_person@lemmy.world ⁨2⁩ ⁨days⁩ ago

      Apple, Amazon, Google, Salesforce, Qualcomm, and Broadcom all did the same. Why is this unique to Intel in this situation?

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      • Alphane_Moon@lemmy.world ⁨2⁩ ⁨days⁩ ago

        If Apple (or another one of the companies you listed) massively collapsed from their leadership position, it would also be a point of discussion around whether stock buyback was justified.

        Mind you, I don’t think nationalisation is likely to help Intel or that it is a desirable outcome, I am just sharing the reasoning.

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      • brucethemoose@lemmy.world ⁨2⁩ ⁨days⁩ ago

        Because Intel was in a hole and has no business distributing so much capital they need, when their entire business is basically intense research and 10 year+ investments.

        That’s just a small part TBH. They are like a poster child for corporate dysfunction and game of thrones-ish drama in the executive levels.

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      • socialsecurity@piefed.social ⁨2⁩ ⁨days⁩ ago

        You are right, us tax payer should be getting equity in all of them!

        Intel example is just pathetic that's why everyone always dunks of it.

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  • socialsecurity@piefed.social ⁨2⁩ ⁨days⁩ 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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    • just_another_person@lemmy.world ⁨2⁩ ⁨days⁩ ago

      Well then, proof required.

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      • socialsecurity@piefed.social ⁨2⁩ ⁨days⁩ ago

        Intel has already received $2.2B in federal grants for chip production

        https://techcrunch.com/2025/01/30/intel-has-already-received-2-2b-in-federal-grants-for-chip-production/

        They got 300m form ohio too...

        So your statement above is wrong?

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