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.

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[–] 215 points 1 year ago (23 children)

He just nationalized Intel. That's what conservatives are afraid of far left governments doing.

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  • [–] 165 points 1 year ago (8 children)

    Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.

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  • [–] 64 points 1 year ago (1 child)

    For real, this just further cemented me not wanting to buy any new Intel devices.

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  • [–] 8 points 1 year ago

    So true, I've officially bought my last Intel product, though I didn't know it at the time.. A shame cause I was interested in their GPUs at maybe some point in the future. From now on it's either ARM or AMD. Can't support a company (partially) controlled by a fascism regime.

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  • [–] 26 points 1 year ago

    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.

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  • [–] 32 points 1 year ago (1 child)

    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

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  • [–] 9 points 1 year ago

    There's literally Intel Management Engine or how is it called.

    And they are literally an American corporation that has always benefited from American governments pressuring competitors from other countries, and that was important for MIC since 70s.

    So that kind of trust was a clear no since long before I was born.

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  • [–] 2 points 1 year ago

    Yeah... no one who this matters to thought that anyway. Either you get Chinese or US backdoors in your hardware. This has always been true. Theoretically Intel could make some backdoorless chips for government use though, but we won't have access to that.

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  • [–] 34 points 1 year ago (1 child)

    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!

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  • [–] 2 points 1 year ago

    B-b-but Starlink doesn't build infrastructure for normal broadband, does it? So they basically got a load of free money for doing nothing on a state level, just their satellites flying someplace above? I mean, there are Starlink ground stations, so there is infrastructure, just how many people would use it instead of a normal service. You know, GPON to the door, no antenna suffering in bad weather, no exorbitant prices.

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  • [–] 8 points 1 year ago* (3 children)

    10% is not "nationalized". It's "19.99% nationalized". Need to have a majority stake (like 50.01%) to call it "nationalized".

    Or maybe I'm wrong.

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  • [+] -11 points 1 year ago (5 children)

    I mean, no. Owning a 10% stake is not nationalisation.

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  • [–] 26 points 1 year ago (4 children)

    Yes. It is.

    Excalty like China.

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  • [–] 2 points 1 year ago (2 children)

    China's internal market is far more cutthroat and "capitalist" than that of the USA. And less regulated. And less monopolized, except for a few services which, ahem, are mandated (WeeChat, yes).

    That was their "unique path", to move all hierarchical stuff into political entities. It look interesting on a large scale, from more "peasant-oriented" communism, kinda changing the initial Marxist picture of worker-capital relations, to this.

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