Trump tweet:
It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.
He just nationalized Intel. That’s what conservatives are afraid of far left governments doing.
Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.
Intel is a us corporate they do as the US spooks tell them to do.
That’s national security laws.
For real, this just further cemented me not wanting to buy any new Intel devices.
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.
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
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.
“Nationalized” with a heavy dose of quote marks. The government now owns about 10% of Intel in non-voting shares. It’s basically meaningless.
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!
Those worthless cunt traitors never acted in good faith. FFS, they willingly elected a child rapist.
I mean, no. Owning a 10% stake is not nationalisation.
Yes. It is.
Excalty like China.
Is giving Intel freekmey better?