I'm against the government cutting a check to a corporation without extracting a direct, concrete benefit to the American taxpayer. So I'm in favor of this.

According to Commerce Secretary Howard Lutnick, the plan would see the US disbursing approved CHIPS Act grants only after acquiring non-voting shares of Intel and likely other chipmakers. That would allow the US to profit off its investment in chipmakers, Lutnick suggested, and Sanders told Reuters that he agreed American taxpayers could benefit from the potential deals.

"If microchip companies make a profit from the generous grants they receive from the federal government, the taxpayers of America have a right to a reasonable return on that investment," Sanders said.

The plan is that instead of just giving Intel the public's money with no strings, the public would get something in return. I have to admit that doesn't sound awful to me.

I have said it before but Trump comes up with such blindingly stupidly simple plans that sometimes that they are actually smart ones. It just needs to be different from how we are currently doing stuff.

See him try to figure out health care any time and you can see him figuring out universal health care before someone near him stops him.

Dont be fooled. This federal asset will end up as a billionaire asset. Id take the win but I know better.

What in the ever living fuck happened to “the free market”?!?!

Don’t innovate and sell faulty chips which ignite in people’s PCs? Should go out of business. This bail out nonsense is so stupid. Always privatize the gains and socialize the losses in good ol USA.

"Fascism should more properly be called corporatism because it is the merger of state and corporate power."

— Benito Mussolini

I wonder what this would mean for competition. Would US adopt rules that are beneficial to Intel to increase their share price?

I can see where this may help open the door / set precedent for the country to buy out or into companies long term.. but when Intel declared they are basically dead in the water because their tech was at least 5 years behind on research now and in the last 5 years their stock as essentially halved, who can say what it will do other than cushion Intels fall.

This is a good thing.

It more closely mirrors TSMC and Samsung Foundries.

I know Lemmy largely won’t believe it, but not every molecule of air MAGA breathes is bad. In fact, this feels like a sharp reaction to stubborn neoliberal orthodoxy, hence folks like Bernie are nodding along. I mean, I tend to be more of a deficit hawk, but this is a worthy investment (with the right conditions and stipulations for Intel to not shutter long term projects for short term profit).

But socialism is bad right?

I guess horseshoe theory isn’t all that far off, hey?

But again, it’s not a bad thing in this case - sometimes they come up with the right idea, even if for the wrong reasons.