this post was submitted on 02 Nov 2026
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173
Intel Stock Is Cratering After Trump Poured Taxpayer Money Into the Chipmaker: Did the Trump administration get some bad Intel? (futurism.com)
submitted 9 hours ago by eicker@lemmy.world to c/technology@lemmy.world
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[โ€“] eicker@lemmy.world 39 points 9 hours ago (1 children)

The stake is still worth far more than taxpayers paid, so calling this an $11 billion taxpayer loss is misleading. But the bigger issue is a president treating industrial policy like his personal trading account. America needs a semiconductor strategy, not a day trader with access to the Treasury.

[โ€“] megopie@lemmy.blahaj.zone 4 points 3 hours ago

Not to mention that he basically was holding the money already promised to Intel from the chips act hostage until they bribed him with shares.