Intel, the only American company capable of making advanced chips on U.S. soil, said in a press release that the government made an $8.9 billion investment in Intel common stock, purchasing 433.3 million shares at a price of $20.47 per share, giving it a 10% stake in the company. Intel noted that the price the government paid was a discount to the current market price.
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This is some of the most bonker news I've heard.
The US gov paying billions to get shares in a company, and no board seat in return. Intel hasn't issued any dividends this year, in spite of a long standing tradition to issue quarterly dividends. The company is arguably on a downtrend with dwindling market share and losing the competing battle with AMD in terms of technology.
The Intel investment marks the latest unusual deal with U.S. companies, including a U.S. government agreement allowing AI chip giant Nvidia NVDA.O to sell its H20 chips to China in exchange for receiving 15% of those sales.
Other recent deals include an agreement for the Pentagon to become the largest shareholder in a small mining company, MP Materials (MP.N)
, opens new tab, to boost output of rare earth magnets and the U.S. government's winning a "golden share" with certain veto rights as part of a deal to allow Japan's Nippon Steel (5401.T), opens new tab to buy U.S. Steel.
https://www.reuters.com/business/us-take-10-equity-stake-intel-trumps-latest-corporate-move-2025-08-22/So the US gov under Trump is now continuing to take stakes in private business... Do you think this will put the US ahead in the world arena or will they continue to be laggards in technology?
This is some communist North Korean or Chinese shit, it used to be mocked by Americans but apparently now dictator Trump can do whatever he likes. Maybe it should not be a surprise for a country that obsesses over their flag and national anthem, I guess they'll be prepared to bow to dear leader soon enough - when he takes total control and guts the government of anyone who opposes him. It's sad that these twisted old men want to drag America back by a hundred years to a time that cannot and will never exist again, they have some idealized version of what the country should be but it never even existed when they were young. I would say he'll start a war in order to keep power, but all the republicans are so subservient to him, they'll be on their knees to worship this frail clown.