Trump Confirms US Is Seeking 10% Stake In Intel

DEAD7

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Trump Confirms US Is Seeking 10% Stake In Intel


After the Trump administration confirmed a rumor that the US is planning to buy a 10 percent stake in Intel, US Senator Bernie Sanders (I-Vt.) came forward Wednesday to voice support for the highly unusual plan, finding rare common ground with Donald Trump. 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. While Lutnick gave Trump credit for coming up with what White House Press Secretary Karoline Leavitt described as a "creative idea that has never been done before" to protect US national and economic security, it appears that Lutnick is driving the initiative. "Lutnick has been pushing the equity idea," insiders granted anonymity previously told Reuters, "adding that Trump likes the idea."

So far, Intel has engaged in talks, while the Taiwan Semiconductor Manufacturing Company (TSMC) and other major CHIPS grant recipients like Samsung and Micron have yet to comment on the potential arrangement the Trump administration seems likely to pursue. They may possibly risk clawbacks of grants if such deals aren't made. On Wednesday, Taiwan Economy Minister Kuo Jyh-huei said his ministry would be consulting with TSMC soon, while noting that as yet, it's hard to "thoroughly understand the underlying meaning" of Lutnick's public comments. So far, Lutnick has only specified that "any potential arrangement wouldn't provide the government with voting or governance rights in Intel," dispelling fears that the US would use its ownership stake to try to control the world's most important chipmakers.
 

WIA20XX

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LOL, after
1) Dissing Biden's CHIPs act
2) Republicans hating on Solyndra's loan guarantees
 

bnew

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1/37
@JessicaTarlov
I don’t want to hear a single word about Democrats and socialism ever again. EVER.

[Quoted tweet]
CNBC: So we should expect the US government to be taking more equity stakes in businesses around the country?

KEVIN HASSETT: It's possible, yeah. That's absolutely right.


https://video.twimg.com/amplify_video/1959973987288551424/vid/avc1/1280x720/WCYTVDQw9mTPEpFk.mp4

2/37
@JMannisi
US government needs money for huge debt service! If spending cuts can't happen and taxes can't be further raised, then tariffs and corporate partnering are the next tools being used to raise money. Unsettling!



3/37
@boomerbayb
I am never happy with more government… Having said that… We didn’t “invest” essentially the shares were given… We’ve made $11 billion so far on that gift… Maybe there will be others… I take your point and I must say that’s unusual, and I am on the fence about this waiting to see how it plays out… it isn’t exactly socialism because the impetus is volunteered not mandated… So there’s that…



4/37
@kitelbk
Oh sure Jessica😆🤣🤣



5/37
@libdunkmedia
The Trump mafia



6/37
@CarolNicke35019
I'd like not to ever hear your voice again!



7/37
@BuzzPatterson
Oh, you will.



8/37
@bytemeharder
Jessica is practicing selective listening. This is nothing new.



9/37
@USBornNRaised
Yoooooooooooohoooooooooooooooooo the US taxpayer did not pay one penny for stake in this company.



GzNgDmhWIAAhQT0.jpg


10/37
@ArmaLite15OU812
DEMOCRATS and SOCIALISM
Hear it loud and clear Jessica!



11/37
@upsafeguard
Mandami the commie...



12/37
@EruditeMidnight
I don't take orders from a sandwich maker.



13/37
@LegeroMichael
Really.



14/37
@Dora_Xplorer45
Can't hear, we MUTE you when your screeching voice comes on. It bothers my dogs....



15/37
@jsmith68abq
I don't want to hear a single word about Democrats and intelligence ever again. EVER.



16/37
@Lynnrx52
Jessica. A little knowledge truly can be a dangerous thing. You might want to study up on the difference between non voting shares and government taking ownership of a business



17/37
@GoonBoolder




GzNnJBlbwAAANvZ.png


18/37
@WarnerJames1
Awe.... You're so pretty....



19/37
@Quit_Lying_2_Us
But you guys are socialist/communist



20/37
@jrbingham28056
I keep wishing to never hear from you again yet, I turn on @TheFive and there you are! Rest assured, I never watch for too long, I have more pressing matters to address rather than listen to your opinions. The last time you were on @TheFive I believe I watched some paint dry!



21/37
@tcwithers
the "socialism" began with the chips act when Intel was promised an 8b grant and 11b in loans.



22/37
@IvanLepiz
You will.



23/37
@pipspiper4
Trump administration takes 10% stake in Intel, channeling CHIPS Act funds—Biden's brainchild—into equity instead of free handouts.

Hassett floats more stakes to seed a sovereign wealth fund, turning subsidies into investments that might actually pay off for taxpayers.

Irony alert: Democrats, who birthed the trillion-dollar chip giveaway, now cry socialism when Republicans add a profit motive.

Funny how "government intervention" flips from heroic under Obama’s auto bailouts to evil when it’s non-voting shares in chips.

This isn’t Uncle Sam seizing factories; it’s smart capitalism shielding against China’s dominance in semis.

Tarlov’s outrage? Like a vegan outraged at someone eating lab-grown meat—close, but no burger.



24/37
@therealnick2
In socialist/communist countries companies are taken over and forced. They don’t have a choice.

This is different. Companies are choosing to form this partnership (only after they got a 10 Billion Grant by the way - also no board member seat/no votes for govt in this deal.

Jessica is too dumbbb to be on TV.



25/37
@bobpicciano
You just can’t stop embarrassing yourself can you? @FoxNews should really send you packing.



26/37
@StevenPDennis
It's beyond parody.



27/37
@ATTYBYCHOICE
Seems like there's a big difference between "if you want the US to invest in your business with taxpayer dollars, then the US wants a noncontrolling investor interest in return" and "hey, here's your neighbors' money and property that the US took from them to give to you for free"



28/37
@NotNowplease11x
I don’t want to hear a single word from Jessica Tarlov ever again. EVER.



29/37
@FBR77488088
The US government owning equity (stock) is not socialism Jessica. The beneficiary to the equity ownership is not @POTUS, but the government who receives a portion of a company's value and profits. It's often a short-term measure, as seen during the 2008 financial crisis 🙄



30/37
@martyintexas1
You can't always get what you want. I expect you actually won't get it.



31/37
@SockDemFan
Socialism is ok to do now because Republicans aren’t crying 24/7 about it

Socialism is ONLY bad when a Democrat is in power 🙃



GzNVPX3WYAA2-GD.jpg


32/37
@DrSmartas
Sovereign Wealth Fund. Just like most countries have



33/37
@MicheleCapozzi4
How not hearing another single word from YOU? EVER.



34/37
@Doug__J
It’s called a sovereign wealth fund, Jessica.



35/37
@poetentiate
This was Hitler's National Socialist/Corporatism Paradigm.



36/37
@soldiertim1961
You bailed out banks and car companies using billions of our dollars and we got nothing for it



37/37
@Donseyesareopen
Not likely while standing in the unemployment line. Just say'in.




To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
 

Adeptus Astartes

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1/37
@JessicaTarlov
I don’t want to hear a single word about Democrats and socialism ever again. EVER.

[Quoted tweet]
CNBC: So we should expect the US government to be taking more equity stakes in businesses around the country?

KEVIN HASSETT: It's possible, yeah. That's absolutely right.


https://video.twimg.com/amplify_video/1959973987288551424/vid/avc1/1280x720/WCYTVDQw9mTPEpFk.mp4


2/37
@JMannisi
US government needs money for huge debt service! If spending cuts can't happen and taxes can't be further raised, then tariffs and corporate partnering are the next tools being used to raise money. Unsettling!



3/37
@boomerbayb
I am never happy with more government… Having said that… We didn’t “invest” essentially the shares were given… We’ve made $11 billion so far on that gift… Maybe there will be others… I take your point and I must say that’s unusual, and I am on the fence about this waiting to see how it plays out… it isn’t exactly socialism because the impetus is volunteered not mandated… So there’s that…



4/37
@kitelbk
Oh sure Jessica😆🤣🤣



5/37
@libdunkmedia
The Trump mafia



6/37
@CarolNicke35019
I'd like not to ever hear your voice again!



7/37
@BuzzPatterson
Oh, you will.



8/37
@bytemeharder
Jessica is practicing selective listening. This is nothing new.



9/37
@USBornNRaised
Yoooooooooooohoooooooooooooooooo the US taxpayer did not pay one penny for stake in this company.



GzNgDmhWIAAhQT0.jpg


10/37
@ArmaLite15OU812
DEMOCRATS and SOCIALISM
Hear it loud and clear Jessica!



11/37
@upsafeguard
Mandami the commie...



12/37
@EruditeMidnight
I don't take orders from a sandwich maker.



13/37
@LegeroMichael
Really.



14/37
@Dora_Xplorer45
Can't hear, we MUTE you when your screeching voice comes on. It bothers my dogs....



15/37
@jsmith68abq
I don't want to hear a single word about Democrats and intelligence ever again. EVER.



16/37
@Lynnrx52
Jessica. A little knowledge truly can be a dangerous thing. You might want to study up on the difference between non voting shares and government taking ownership of a business



17/37
@GoonBoolder




GzNnJBlbwAAANvZ.png


18/37
@WarnerJames1
Awe.... You're so pretty....



19/37
@Quit_Lying_2_Us
But you guys are socialist/communist



20/37
@jrbingham28056
I keep wishing to never hear from you again yet, I turn on @TheFive and there you are! Rest assured, I never watch for too long, I have more pressing matters to address rather than listen to your opinions. The last time you were on @TheFive I believe I watched some paint dry!



21/37
@tcwithers
the "socialism" began with the chips act when Intel was promised an 8b grant and 11b in loans.



22/37
@IvanLepiz
You will.



23/37
@pipspiper4
Trump administration takes 10% stake in Intel, channeling CHIPS Act funds—Biden's brainchild—into equity instead of free handouts.

Hassett floats more stakes to seed a sovereign wealth fund, turning subsidies into investments that might actually pay off for taxpayers.

Irony alert: Democrats, who birthed the trillion-dollar chip giveaway, now cry socialism when Republicans add a profit motive.

Funny how "government intervention" flips from heroic under Obama’s auto bailouts to evil when it’s non-voting shares in chips.

This isn’t Uncle Sam seizing factories; it’s smart capitalism shielding against China’s dominance in semis.

Tarlov’s outrage? Like a vegan outraged at someone eating lab-grown meat—close, but no burger.



24/37
@therealnick2
In socialist/communist countries companies are taken over and forced. They don’t have a choice.

This is different. Companies are choosing to form this partnership (only after they got a 10 Billion Grant by the way - also no board member seat/no votes for govt in this deal.

Jessica is too dumbbb to be on TV.



25/37
@bobpicciano
You just can’t stop embarrassing yourself can you? @FoxNews should really send you packing.



26/37
@StevenPDennis
It's beyond parody.



27/37
@ATTYBYCHOICE
Seems like there's a big difference between "if you want the US to invest in your business with taxpayer dollars, then the US wants a noncontrolling investor interest in return" and "hey, here's your neighbors' money and property that the US took from them to give to you for free"



28/37
@NotNowplease11x
I don’t want to hear a single word from Jessica Tarlov ever again. EVER.



29/37
@FBR77488088
The US government owning equity (stock) is not socialism Jessica. The beneficiary to the equity ownership is not @POTUS, but the government who receives a portion of a company's value and profits. It's often a short-term measure, as seen during the 2008 financial crisis 🙄



30/37
@martyintexas1
You can't always get what you want. I expect you actually won't get it.



31/37
@SockDemFan
Socialism is ok to do now because Republicans aren’t crying 24/7 about it

Socialism is ONLY bad when a Democrat is in power 🙃



GzNVPX3WYAA2-GD.jpg


32/37
@DrSmartas
Sovereign Wealth Fund. Just like most countries have



33/37
@MicheleCapozzi4
How not hearing another single word from YOU? EVER.



34/37
@Doug__J
It’s called a sovereign wealth fund, Jessica.



35/37
@poetentiate
This was Hitler's National Socialist/Corporatism Paradigm.



36/37
@soldiertim1961
You bailed out banks and car companies using billions of our dollars and we got nothing for it



37/37
@Donseyesareopen
Not likely while standing in the unemployment line. Just say'in.




To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196

Inb4 MAGAs try to say government ownership isn't socialism or state capitalism like China.
 
Last edited:

hashmander

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they were so pissed with the car bailout and acquiring shares of GM aka Government Motors. if trump can grease the wheels to make things like this more acceptable then great because the govt should be getting a piece of the action when taxpayers invest. same for pharmaceuticals. charity for them, commerce for us, fukk that.
 

mastermind

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they were so pissed with the car bailout and acquiring shares of GM aka Government Motors. if trump can grease the wheels to make things like this more acceptable then great because the govt should be getting a piece of the action when taxpayers invest. same for pharmaceuticals. charity for them, commerce for us, fukk that.
Totally agree
 

Loose

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they were so pissed with the car bailout and acquiring shares of GM aka Government Motors. if trump can grease the wheels to make things like this more acceptable then great because the govt should be getting a piece of the action when taxpayers invest. same for pharmaceuticals. charity for them, commerce for us, fukk that.
Unfortunately only trump can get away with this, fox and cnbc will go back to sky is felling socialism bad points once he's gone
 
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