Comment on U.S. takes 10% stake in Intel as Trump flexes more power over big business

randompasta@lemmy.today ⁨1⁩ ⁨day⁩ ago

• Xaphanos@lemmy.world ⁨1⁩ ⁨day⁩ ago

  Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.

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  • vacuumflower@lemmy.sdf.org ⁨4⁩ ⁨hours⁩ ago

    There’s literally Intel Management Engine or how is it called.

    And they are literally an American corporation that has always benefited from American governments pressuring competitors from other countries, and that was important for MIC since 70s.

    So that kind of trust was a clear no since long before I was born.

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  • zod000@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

    For real, this just further cemented me not wanting to buy any new Intel devices.

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    • Decq@lemmy.world ⁨35⁩ ⁨minutes⁩ ago

      So true, I’ve officially bought my last Intel product, though I didn’t know it at the time… A shame cause I was interested in their GPUs at maybe some point in the future. From now on it’s either ARM or AMD. Can’t support a company (partially) controlled by a fascism regime.

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  • UnfortunateShort@lemmy.world ⁨1⁩ ⁨day⁩ ago

    Their biggest problem is that people don’t want to buy their stuff because it’s bad, they can worry about their backdoory image later

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    • mushroommunk@lemmy.today ⁨23⁩ ⁨hours⁩ ago

      Honestly this. Their cpus melting down over the past couple years and their refusal to even acknowledge it hurt their image more than any potential backdoor could.

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  • frazw@lemmy.world ⁨21⁩ ⁨hours⁩ ago

    Intel never deserved trust. They rigged the game by cheating on benchmark tests and deserve the karma they are currently enjoying.

    I guess the average consumer would not be very aware of Intel being so shitty, but now everyone has a reason to be wary of them.

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  • socialsecurity@piefed.social ⁨12⁩ ⁨hours⁩ ago

    Intel is a us corporate they do as the US spooks tell them to do.

    That's national security laws.

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• vacuumflower@lemmy.sdf.org ⁨4⁩ ⁨hours⁩ ago

  10% is not “nationalized”. It’s “4.99% nationalized”. Need to have a majority stake (like 50.01%) to call it “nationalized”.

  Or maybe I’m wrong.

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  • randompasta@lemmy.today ⁨3⁩ ⁨hours⁩ ago

    10% is a controlling share. The government (Trump) owns enough to make major decisions about how the company is run.

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  • leezh@lemmy.blahaj.zone ⁨4⁩ ⁨hours⁩ ago

    By your maths it’s 10/50.01=19.99% nationalised, actually. :P

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    • vacuumflower@lemmy.sdf.org ⁨3⁩ ⁨hours⁩ ago

      Yes, I’ve already fixed myself, it was sad

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• pdxfed@lemmy.world ⁨1⁩ ⁨day⁩ ago

  Yup. They also rewrote national broadband funding criteria so starlink would win most of the state contracts for funding. If the states are stupid enough to take it, the Elon Musk will own their citizens internet. Colorado just announced Starlink won half of all the contracts and Amazon the other half(I didn’t even know Amazon provided Internet holy terrifying):

  You may experience difficulty connecting to some web domains and your homepage has been preselected for you. Your monthly history will be reviewed and unpatriotic web usage will result in detainment or deportation.

  Congratulations on your Freedom!

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  • vacuumflower@lemmy.sdf.org ⁨4⁩ ⁨hours⁩ ago

    B-b-but Starlink doesn’t build infrastructure for normal broadband, does it? So they basically got a load of free money for doing nothing on a state level, just their satellites flying someplace above? I mean, there are Starlink ground stations, so there is infrastructure, just how many people would use it instead of a normal service. You know, GPON to the door, no antenna suffering in bad weather, no exorbitant prices.

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• cabron_offsets@lemmy.world ⁨1⁩ ⁨day⁩ ago

  Those worthless cunt traitors never acted in good faith. FFS, they willingly elected a child rapist.

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• moody@lemmings.world ⁨19⁩ ⁨hours⁩ ago

  “Nationalized” with a heavy dose of quote marks. The government now owns about 10% of Intel in non-voting shares. It’s basically meaningless.

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• iAmTheTot@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

  I mean, no. Owning a 10% stake is not nationalisation.

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  • themurphy@lemmy.ml ⁨1⁩ ⁨day⁩ ago

    Yes. It is.

    Excalty like China.

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    • vacuumflower@lemmy.sdf.org ⁨4⁩ ⁨hours⁩ ago

      China’s internal market is far more cutthroat and “capitalist” than that of the USA. And less regulated. And less monopolized, except for a few services which, ahem, are mandated (WeeChat, yes).

      That was their “unique path”, to move all hierarchical stuff into political entities. It look interesting on a large scale, from more “peasant-oriented” communism, kinda changing the initial Marxist picture of worker-capital relations, to this.

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    • socialsecurity@piefed.social ⁨12⁩ ⁨hours⁩ ago

      Is giving Intel freekmey better?

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