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
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?
socialsecurity@piefed.social 1 day ago
just_another_person@lemmy.world 1 day ago
Well then, proof required.
socialsecurity@piefed.social 1 day ago
Intel has already received $2.2B in federal grants for chip production
They got 300m form ohio too...
So your statement above is wrong?
just_another_person@lemmy.world 1 day ago
Opening paragraphs exactly what I said.
Alphane_Moon@lemmy.world 1 day ago
He ks refering to Intel spending large sums of money on stock buybacks instead investing it in their business.
just_another_person@lemmy.world 1 day ago
Apple, Amazon, Google, Salesforce, Qualcomm, and Broadcom all did the same. Why is this unique to Intel in this situation?
Alphane_Moon@lemmy.world 1 day 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.
just_another_person@lemmy.world 1 day ago
What in the world are you talking about? I tel has not “collapsed”?
brucethemoose@lemmy.world 1 day 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.
just_another_person@lemmy.world 1 day ago
Still making BILLIONS in profit. I’m not sure what you mean.
socialsecurity@piefed.social 1 day 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.