US takes 10% share of Intel, more companies to follow

[Morphine Prince 109,645]

President Donald Trump on Monday boasted about the government's new stake in Intel and said he's determined to do similar deals.

"I will make deals like that for our Country all day long," the president posted on Truth Social.

Trump added that "stupid people" are upset with a move that he said will bring more money and jobs to the U.S.

"I will also help those companies that make such lucrative deals with the United States. ... I love seeing their stock price go up, making the USA RICHER, AND RICHER," he said. "More jobs for America!!! Who would not want to make deals like that?"

Earlier in the morning, White House economic advisor Kevin Hassett said the Intel move is part of a broader strategy to create a sovereign wealth fund that could include more companies.

In a deal that marked a further incursion of federal involvement with private companies, the White House on Friday announced that it was taking a 10% share of the chipmaking giant. The stake is worth around $8.9 billion, some of which will come from grant funding associated with the CHIPS Act while the rest will be under separate government allocations for programs associated with making secure chips.

While stressing that the government won't involve itself in company operations, Hassett said the move is part of an ongoing plan.

Read more: https://www.cnbc.com/amp/2025/08/25/white-houses-hassett-says-government-likely-to-continue-taking-stakes-in-companies-similar-to-intel-deal.html

Edited August 25, 2025 by Morphine Prince

[Bronco 24,765]

I'll stick with AMD

[Lucas 31,087]

Is the owner of Intel a friend of Trump

[PartySick 172,389]

Buying stocks is gambling, mostly with made up money. What an actual idiot  

Wonder how he'll profit from this

[southpaw773 4,364]

Laughs in Apple silicon 

[StarstruckIllusion 53,562]

Intel is about to implode so lmao actually 

[lastpopicon 37,264]

This is good for America actually and I doubt trump had any say in it tbh lol 

Even the good guys like bernie are backing this:

https://www.aljazeera.com/economy/2025/8/20/us-senator-bernie-sanders-backs-trump-plan-for-government-stake-in-intel?utm_source=chatgpt.com

 

Intel needs all the help it can get, their situation is dire and America does not want Intel to go belly up, that would be disastrous both short and long term.

[Zaskar 4,027]

But isn’t govt owning or being part of business against capitalist ideology? Isn’t this kind of socialist move?

[lastpopicon 37,264]

2 minutes ago, Zaskar said:

But isn’t govt owning or being part of business against capitalist ideology? Isn’t this kind of socialist move?

This is by bipartisan move:

The unusual alignment between Sanders and Trump on government ownership stakes in private companies highlights a marked shift by Trump toward policies of state intervention in the economy that are typically associated with the left.

Since Trump took office for a second time in January, he agreed to allow AI chip giants Nvidia and AMD to sell AI chips to China in exchange for the US government receiving 15 percent of revenues from the sales.

The Pentagon is also set to become the largest shareholder in a small mining company to boost the output of rare earth magnets. And the US government negotiated for itself a “golden share” with certain veto rights as part of a deal to allow Nippon Steel to buy US Steel.

Sanders and Senator Elizabeth Warren, a Democrat, had proposed an amendment to the CHIPS Act that would have forbidden the Commerce Department from granting a CHIPS Act award without the Treasury Department receiving a warrant, equity stake or senior debt instrument issued by the recipient company.

“I am glad the Trump administration is in agreement with the amendment I offered three years ago,” Sanders said. “Taxpayers should not be providing billions of dollars in corporate welfare to large, profitable corporations like Intel without getting anything in return.”

Much of the funding for CHIPS Act award recipients such as Micron, Taiwan Semiconductor Manufacturing Co and Samsung has not been disbursed.

Edited August 25, 2025 by lastpopicon

[Economy 52,837]

On 8/25/2025 at 12:15 PM, PartySick said:

Buying stocks is gambling, mostly with made up money. What an actual idiot  

Wonder how he'll profit from this

If u do it correctly its not true gambling. Its not a 50-50 coim toss, u can make money way more often than u loose. Thats how pension gunds grow and how the rich keep compounding their wealth sitting on their asses just with capital

 

But its Trump, so yeah he will end up loosing the Nation money