this post was submitted on 02 Nov 2026
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183
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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[–] Rentlar@lemmy.ca 32 points 9 hours ago (2 children)

What was

a $8.9 billion investment in US chipmaker Intel

Is now

the value of the government’s 9.9 percent equity stake crashed from almost $40 billion to well under $30 billion

, still an unrealized 200%+ gain, so I guess the government "bought the dip" in a way. Though why Republicans back their favourite President engaging in casual nationalization still baffles me. Maybe any Democratic president should employ a similar path to nationalization disguised as a bailout: to legislatively constrict the business model of any company they want to acquire at discount "market rates", then restore something along previous regulatory conditions.

[–] megopie@lemmy.blahaj.zone 4 points 4 hours ago

The dip was also largely trumps fault for with holding money that had already been promised to Intel from the chips act, despite Intel having already spent a bunch of their own money on building new production lines.

[–] Brkdncr@lemmy.world 9 points 8 hours ago (1 children)

It’s to get chip fab in the US. Taiwan is not a stable place for the advanced chips the US and rest of the world rely on.

[–] hendu@lemmy.dbzer0.com 6 points 6 hours ago (2 children)

Are you saying the US is a stable place for the rest of the world to rely on? We really haven't been for the past decade, at least.

[–] Brkdncr@lemmy.world 1 points 1 hour ago

No, but the US needs its own chip fab. The rest of the world will need to figure out on there own where to get theirs.

[–] isles@infosec.pub 7 points 6 hours ago

I don't see that claim, just that US is a more stable place for the US to rely on. Whether that's true is debatable though