Comment on U.S. government takes 10% stake in Intel, as Trump expands control over private sector
panda_abyss@lemmy.ca 3 weeks ago
So uh, Intel doesn’t get anything, and gives up 10% of their stock because they’ve just decided to retroactively alter the CHIPs act?
FreedomAdvocate@lemmy.net.au 3 weeks ago
No, not at all. The government bought shares in Intel. When you have shares in a company you own part of the company.
JustAnotherPodunk@lemmy.world 3 weeks ago
Just to clarify and add to what you said, equity shares are not stocks. The gov gets dividends and such, but it isn’t stock that is bought and sold on wall street. It’s all about profitability and not about speculation. If the company makes money, so does the gov. If it loses money, the gov loses money.