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 1 month 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 1 month ago
blattrules@lemmy.world 1 month ago
It’s only socialism when democrats do it.
seralth@lemmy.world 1 month 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 1 month 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 1 month ago
Yeah, but then poor people would use it.
Formfiller@lemmy.world 1 month ago
We’ve always had communism for the rich and cutthroat capitalism for the working class
unphazed@lemmy.world 1 month 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 1 month 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 1 month ago
Or the rental market…
captainlezbian@lemmy.world 1 month ago
Because healthcare would help you
seaQueue@lemmy.world 1 month ago
Uhhh, so much for the free market Republicans spent decades championing
ronigami@lemmy.world 1 month ago
They’ll run it into the ground regardless.
seaQueue@lemmy.world 1 month 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 1 month 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 1 month ago
beat me to it
kalkulat@lemmy.world 1 month 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 1 month 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 1 month 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 1 month 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 1 month ago
government owning the means of production?
🤔
DragonTypeWyvern@midwest.social 1 month ago
Not socialism.
There’s a different word for that, unless you think the American government represents the working class.
natecox@programming.dev 1 month ago
And so the current Intel chipset I have will be the last I ever own.
TheRealKuni@piefed.social 1 month 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 1 month ago
Me too.
Buffalox@lemmy.world 1 month 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 1 month 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 1 month ago
Can you not see the crazy smiley? It was sarcasm, but OK I’ll add the /S.
boonhet@sopuli.xyz 1 month 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 1 month 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 1 month 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 1 month ago
Nazis are a particularly evil type of fascist. It is the entire point of the lable.
motor_spirit@lemmy.world 1 month ago
small penis government 😤
panda_abyss@lemmy.ca 1 month 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 1 month 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 1 month 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 1 month ago
Everyone calling this socialism is a moron
Corkyskog@sh.itjust.works 1 month ago
Care to elaborate?
DragonTypeWyvern@midwest.social 1 month 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 1 month ago
Could call it national socialism.
FauxLiving@lemmy.world 1 month 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 1 month ago
🤫
SnotFlickerman@lemmy.blahaj.zone 1 month ago
AyyyyyyyyMD
MedicPigBabySaver@lemmy.world 1 month ago
Release the Trump/Epstein files
UpperBroccoli@lemmy.blahaj.zone 1 month ago
Boycot Intel? Okay, you got it!
CatDogL0ver@lemmy.world 1 month ago
Already buying AMD. Nothing personal, AMD CPUs are just better.
shalafi@lemmy.world 1 month 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 1 month 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 1 month 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 1 month ago
Wasn’t government cross-pollinating with industry a relevant component in 20th century definitions of fascism?
SocialMediaRefugee@lemmy.world 1 month 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 1 month 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 1 month ago
The loss of intel, its facilities and staff, would be a pretty hard blow.
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Grimy@lemmy.world 1 month 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 1 month ago
us taking a stake in a failing company sums up america
blindbunny@lemmy.ml 1 month ago
Remember we bailed out Harley Davidson. Twice.
humanspiral@lemmy.ca 1 month 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 1 month ago
reminds me of Park Chung Hee in south korea
balder1991@lemmy.world 1 month ago
Next healthcare?
TommySoda@lemmy.world 1 month 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 1 month ago
OpenAI next. You don’t want AI but you will pay for it in taxes.
deathbird@mander.xyz 1 month 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 1 month ago
isnt intel kinda dying with the latest fiasco with thier chips.
captain_aggravated@sh.itjust.works 1 month 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 1 month ago
Their networking cards are great too.
Tollana1234567@lemmy.today 1 month ago
i see.
HugeNerd@lemmy.ca 1 month ago
My government, picking winners and losers?
SpontaneousCombustion@lemmy.world 1 month ago
Funny, when Europe does this, it’s called “socialism”.
assembly@lemmy.world 1 month 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 1 month 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 1 month ago
And when China and Arab states do it, it’s something to aspire.
gravitas_deficiency@sh.itjust.works 1 month ago
Yes and no. In this context, it’s more of a shakedown-sorta thing.