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US Now Has a 10% Stake In Intel

Rexedgar

Rexedgar

Yo-Semite!
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How does this work? Who holds the stock and who controls any trading? Today Intel was worth $108 billion, seems like a windfall to me.
 
Rexedgar said:
Is INTEL in financial straits?
Click to expand...

No.

But that is not the issue. The issue is can the government do this thing.

I understand Trump has abused, in a profound way, the concept of "Break Glass in Emergency" laws in our nation. But we have had emergencies in the past. And he is using those precedents, along with making his own, to implement an authoritarian regime.
 
Bok Tuklo said:
No.

But that is not the issue. The issue is can the government do this thing.

I understand Trump has abused, in a profound way, the concept of "Break Glass in Emergency" laws in our nation. But we have had emergencies in the past. And he is using those precedents, along with making his own, to implement an authoritarian regime.
Click to expand...
GM was in trouble and the US decided to bail them and their workers out of a jam. The government held a stake until GM recovered and divested in 2013. How do these two scenarios compare? Intel states that 10% was sold and Trump says it didn’t cost the US anything. Is INTEL in financial trouble? What is the justification of Trump’s shakedown?
 
Rexedgar said:
How does this work? Who holds the stock and who controls any trading? Today Intel was worth $108 billion, seems like a windfall to me.
Click to expand...

My God, this should send free market advocates into apoplexy.
 
Bok Tuklo said:
No.

But that is not the issue. The issue is can the government do this thing.

I understand Trump has abused, in a profound way, the concept of "Break Glass in Emergency" laws in our nation. But we have had emergencies in the past. And he is using those precedents, along with making his own, to implement an authoritarian regime.
Click to expand...
Hes able to do what we allow him to do.
 
The government's stake is to be passive ownership and does not include a board seat, Intel said. The government will be required to vote with Intel's board when shareholder approval is necessary, with "limited exceptions." Intel did not specify the exceptions.

The equity stake also includes a five-year warrant at $20 a share for an additional 5% of Intel stock, which the U.S. can use if Intel loses control of the foundry business.

Federal backing could give Intel more breathing room to revive its loss-making foundry business, analysts said, but it ceded the AI market to Nvidia and has lost market share to Advanced Micro Devices in its central processor business for several years. It has also faced challenges in attracting customers to its new factories. Tan, who became CEO in March, has been tasked to turn around the American chipmaking icon, which recorded an annual loss of $18.8 billion in 2024 - its first such loss since 1986. The company's last fiscal year of positive adjusted free cash flow was 2021.

The announcement was today....it had been talked about for a couple of weeks. I owned shares of INTC many years ago, and just rebought into it back in March of this year.

The C suite needed a major overhaul, and looks like the BOD will be making those adjustments
 
Nice bailout. Intel is too big to fail.
 
Communism.

Bad idea.
 
It's amazing what selling out can do.

 
Rexedgar said:
How does this work? Who holds the stock and who controls any trading? Today Intel was worth $108 billion, seems like a windfall to me.
Click to expand...
Another new way to collect taxes.
 
Rexedgar said:
GM was in trouble and the US decided to bail them and their workers out of a jam. The government held a stake until GM recovered and divested in 2013. How do these two scenarios compare? Intel states that 10% was sold and Trump says it didn’t cost the US anything. Is INTEL in financial trouble? What is the justification of Trump’s shakedown?
Click to expand...
Corporate Taxes.
 
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