Seems like the government owning private industry might stray into the socialism thing thy hate. Why not do this with something more important like healthcare? Republicans are hypocrites.
U.S. government takes 10% stake in Intel, as Trump expands control over private sector
Submitted 5 weeks ago by cantankerous_cashew@lemmy.world to technology@lemmy.world
https://www.cnbc.com/2025/08/22/intel-goverment-equity-stake.html
Comments
MdRuckus@lemmy.world 5 weeks ago
blattrules@lemmy.world 5 weeks ago
It’s only socialism when democrats do it.
seralth@lemmy.world 5 weeks ago
Healthcare could help, that’s good socialism. Intel is profits and power and control for the sake of it. That’s bad socialism.
That way when things fuck up they can point and go SEE SEE IT DOESNT WORK! WE TRIED IT AND IT MADE THINGS WORSE!!
and if it somehow does manage to help or improve things they can now claim they did something smart and take all the credit.
Cethin@lemmy.zip 5 weeks ago
Well, no. In this case it’s probably Intel is collapsing I assume, and they’re the only CPU producer native to the US. It’d be a really bad thing strategically to let them fail, so they should be nationalized.
iamdefinitelyoverthirteen@lemmy.world 5 weeks ago
Yeah, but then poor people would use it.
Formfiller@lemmy.world 5 weeks ago
We’ve always had communism for the rich and cutthroat capitalism for the working class
unphazed@lemmy.world 5 weeks ago
Our healthcare system in the US is Socialism, only the government funds the corporations with subsidies, not paying outright for the citizens. It’s a man in the middle system where they stick a middle finger up your ass to get money from you three times. With taxes, with insurance, and with actual medical care.
Seleni@lemmy.world 5 weeks ago
If you ask, they’ll tell you it’s different for ‘essential services’. It’s the same excuse they use for the farm handouts.
devdoggy@lemmy.world 5 weeks ago
Or the rental market…
captainlezbian@lemmy.world 5 weeks ago
Because healthcare would help you
seaQueue@lemmy.world 5 weeks ago
Uhhh, so much for the free market Republicans spent decades championing
ronigami@lemmy.world 5 weeks ago
They’ll run it into the ground regardless.
seaQueue@lemmy.world 5 weeks ago
Well, yeah, they always do. Republican admins always leave the economy in the shitter and saddle the nation up with debt so that the incoming Democratic admin has to spend all of their time bringing the economy back up to speed rather than implementing effective reform.
FundMECFS@lemmy.dbzer0.com 5 weeks ago
The market would be freer if it wasn’t dominated by a couple capitalist megacorpos. So nationalisation doesn’t mean less freedom, although neolib propaganda would love you to think so.
desmosthenes@lemmy.world 5 weeks ago
beat me to it
kalkulat@lemmy.world 5 weeks ago
Wow. Throw 16M people off health care, then invest the savings in corporations. HEy, Intel, how do you like your blood money?
echodot@feddit.uk 5 weeks ago
Historical evidence would seem to suggest that Intel very much do like their blood money I would imagine they would like some more please.
Harbinger01173430@lemmy.world 5 weeks ago
Heck, as long as they keep being good competition for AMD so they don’t become complacent, they can get the souls of the damned as payment for all I care.
Tangent5280@lemmy.world 5 weeks ago
I don’t think the souls of the damned are up for grabs, since, you know, they’re damned and all.
Stern@lemmy.world 5 weeks ago
government owning the means of production?
🤔
DragonTypeWyvern@midwest.social 5 weeks ago
Not socialism.
There’s a different word for that, unless you think the American government represents the working class.
natecox@programming.dev 5 weeks ago
And so the current Intel chipset I have will be the last I ever own.
TheRealKuni@piefed.social 5 weeks ago
I feel like that should’ve already been a given when the 13th and 14th gen Core processors permanently kneecap themselves if they feel like it. But that’s just me.
Hobbes_Dent@lemmy.world 5 weeks ago
Me too.
Buffalox@lemmy.world 5 weeks ago
Yes but contrary to China, USA doesn’t use government subsidies to promote their own industries, or state owned companies to spy on the rest of the world. 🤪
I hope Intel survives because a Chinese (mainland+Taiwan) monopoly will not be good, but I am so sick of American disinformation regarding China.
XenGi@feddit.org 5 weeks ago
Are you sure about that? US hardware is spying on the rest of the world for decades. Cisco is in no way better then huawei.
Buffalox@lemmy.world 5 weeks ago
Can you not see the crazy smiley? It was sarcasm, but OK I’ll add the /S.
boonhet@sopuli.xyz 5 weeks ago
Well, now that they’re doing it like China is, the rest of the world should use tariffs to mitigate this, like we do with Chinese EVs for an example (since those are so heavily subsidized to root out competition not just in China, but worldwide)
MapleEngineer@lemmy.world 5 weeks ago
Fascism is a far-right, ultranationalist, and authoritarian political ideology that emerged in early 20th-century Europe, characterized by a totalitarian, one-party state, a charismatic leader, a fixation on national decline, and the suppression of individual rights and opposition groups. It combines elements of militarism, economic self-sufficiency, and mass mobilization, often through propaganda and violence, to achieve a vision of national purity and power.
kameecoding@lemmy.world 5 weeks ago
This is why I don’t like trump being called a nazi, a nazi was a nickname for the german fascist based on the name of the political party NSDAP, specifically the N part, National with the ti part being pronounced the same as the zi part in nazi.
Trump is an american fascist.
Now after being pedantic I prefer these lists tlto check if you live in a fascist state
www.keene.edu/academics/cchgs/…/download/
…s3-eu-west-1.amazonaws.com/PC-00466.pdf
Spoiler alert: the US is under control of a fascist government.
Knock_Knock_Lemmy_In@lemmy.world 5 weeks ago
Nazis are a particularly evil type of fascist. It is the entire point of the lable.
motor_spirit@lemmy.world 5 weeks ago
small penis government 😤
panda_abyss@lemmy.ca 5 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 5 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 5 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.
DragonTypeWyvern@midwest.social 5 weeks ago
Everyone calling this socialism is a moron
Corkyskog@sh.itjust.works 5 weeks ago
Care to elaborate?
DragonTypeWyvern@midwest.social 5 weeks ago
Socialism is workers owning the means of production. Not the government.
It’s fine and all to talk about a worker’s government but is that what you would call a Trump presidency? The American government at any point in its history?
They’re cutting social services and expanding the power of the surveillance state. Just think for one goddamn second about function instead of form, I’m begging you people.
pneumaticFax@lemmy.world 5 weeks ago
Could call it national socialism.
FauxLiving@lemmy.world 5 weeks ago
If tax payers are going to be investing into these businesses and they’re avoiding taxes taking a share of the company is better than nothing.
I mean, it’s socialism, but don’t tell their voters
deathbird@mander.xyz 5 weeks ago
🤫
SnotFlickerman@lemmy.blahaj.zone 5 weeks ago
AyyyyyyyyMD
MedicPigBabySaver@lemmy.world 5 weeks ago
Release the Trump/Epstein files
UpperBroccoli@lemmy.blahaj.zone 5 weeks ago
Boycot Intel? Okay, you got it!
CatDogL0ver@lemmy.world 5 weeks ago
Already buying AMD. Nothing personal, AMD CPUs are just better.
shalafi@lemmy.world 5 weeks ago
Didn’t the US do a similar thing to save our auto industry? Buying in? I’m hazy on the details, been a minute, but didn’t we cash out and profit?
Not saying this is the end game here, but still?
kameecoding@lemmy.world 5 weeks ago
AFAIK the US government also made money off of the 2008 bailouts, at least I am sure they had to pay it back, but for some reason I think it lives in people’s minds as it was like a one time gift of money to those banks and they didn’t have to pay it back or anything.
CH3DD4R_G0BL1N@sh.itjust.works 5 weeks ago
for some reason
Perhaps seeing your government continually use your tax money to bail out industry that has no tangible benefit to anything but the stock market while fighting against every penny directly invested into the taxed populace colors peoples’ perception a bit.
BromSwolligans@lemmy.world 5 weeks ago
Wasn’t government cross-pollinating with industry a relevant component in 20th century definitions of fascism?
SocialMediaRefugee@lemmy.world 5 weeks ago
While I don’t trust this administration in the slightest this isn’t unprecidented:
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In 2009 he U.S. government took an initial 9.85% ownership stake in Chrysler as part of the company’s bankruptcy restructuring. The government later sold its stake to the Italian automaker Fiat in 2011, exiting its investment completely.
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As part of the auto industry bailout in 2008 and 2009, the government received a 60.8% equity stake in GM. The government sold its final shares in 2013.
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American International Group (AIG): In its bailout, the U.S. government provided roughly $182 billion in aid and at one point held an almost 80% stake in the insurer. The government sold its last shares in 2012, ultimately making a profit.
Ilovethebomb@sh.itjust.works 5 weeks ago
Yeah, it’s one of the smarter things the US government has done, especially considering the impact a bankruptcy would have on the economy.
SocialMediaRefugee@lemmy.world 5 weeks ago
The loss of intel, its facilities and staff, would be a pretty hard blow.
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Grimy@lemmy.world 5 weeks ago
I personally don’t think any of these big companies should be privately owned. Rare win for the pedo admin. Maybe we can get 10% of the epstein files next.
cupcakezealot@piefed.blahaj.zone 5 weeks ago
us taking a stake in a failing company sums up america
blindbunny@lemmy.ml 5 weeks ago
Remember we bailed out Harley Davidson. Twice.
humanspiral@lemmy.ca 5 weeks ago
Better for intel than not receiving $8B at all. It can avoid spending it on Ohio plant without upsetting politicians if no one wants to use Ohio made chips. But its not as though telecom companies ever faced real consequences for pocketing “rural broadband subsidies”.
The best part about this, is political campaigns surrounded on confiscatory nationalization of climate terrorists and zionazi first political party influence is normalized.
glowing_hans@sopuli.xyz 5 weeks ago
reminds me of Park Chung Hee in south korea
balder1991@lemmy.world 5 weeks ago
Next healthcare?
TommySoda@lemmy.world 5 weeks ago
Imagine bribing politicians to get tax breaks as those same politicians start to take more of a cut than the other side would have taxed you. I’m starting to think everyone that is rich and powerful are also incredibly stupid.
vane@lemmy.world 5 weeks ago
OpenAI next. You don’t want AI but you will pay for it in taxes.
deathbird@mander.xyz 5 weeks ago
Cool, now do Duke Energy. And Exelon. And Entergy. Etc. (Not that I trust this admin ofc, but if you want collective ownership…)
Tollana1234567@lemmy.today 5 weeks ago
isnt intel kinda dying with the latest fiasco with thier chips.
captain_aggravated@sh.itjust.works 5 weeks ago
Funny thing is, their GPU division is making fine products especially in the bang-for-buck consumer category and their Wi-Fi modules are good. Weirdly enough, because driver and API support for the GTX-10 series cards is starting to age out, I’m considering putting an Intel GPU in a system with an AMD CPU for my HTPC.
The CPU side of the business is totally screwed though; they’ve been doomed since someone at AMD first said the word “Ryzen.”
ipkpjersi@lemmy.ml 5 weeks ago
Their networking cards are great too.
Tollana1234567@lemmy.today 5 weeks ago
i see.
HugeNerd@lemmy.ca 5 weeks ago
My government, picking winners and losers?
SpontaneousCombustion@lemmy.world 5 weeks ago
Funny, when Europe does this, it’s called “socialism”.
assembly@lemmy.world 5 weeks ago
Can you imagine the screams of, “COMMUNISM!!!” If Obama or Biden had done this. It’s all we would hear about for an entire election cycle. Fox “News” would play it nonstop.
anotherspinelessdem@lemmy.ml 5 weeks ago
Didn’t Obama do it for GM and a bunch of other companies as part of a bailout package for a period of time?
woelkchen@lemmy.world 5 weeks ago
And when China and Arab states do it, it’s something to aspire.
gravitas_deficiency@sh.itjust.works 5 weeks ago
Yes and no. In this context, it’s more of a shakedown-sorta thing.