U.S. takes 10% stake in Intel as Trump flexes more power over big business
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Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.
Yeah... no one who this matters to thought that anyway. Either you get Chinese or US backdoors in your hardware. This has always been true. Theoretically Intel could make some backdoorless chips for government use though, but we won't have access to that.
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In case of war the country needs national supply of chips to put in rockets, planes, everything really.
If you make everything in Taiwan and that's the place that's getting blockaded by enemy Navy...
For that matter, it was the same problem the US then faced back when it was getting much of their electronics from Japan, as the Soviet threat loomed so large.
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i just got an amd card in response
if there's one thing that I support less than american companies, it's the american government
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I don't understand why they would want to build in the US? There's plenty of places with cheaper labour.
Because Biden paid them with grants to build in the US. It's that simple.
Beyond that there's stability and the likelihood of not being invaded or facing natural disasters.
There's meant to be government, legal, and financial institution stability too.
As well as intellectual property defense, trade secrets and NDAs.
Material supplies are meant to be stable too.
When you're investing in something as specialised as chip manufacturing, labour is a fraction of your concern. Both short and long term.
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Trump tweet:
It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.
I expect all the ML people to be celebrating this move towards socialism. Such a shit move but a shit admin.
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yeah I have no idea what the fuck is happening anymore. the GOP is full pedo-junta on business...
So, I haven't checked project 2025, but there is a Christian nationalist plan that wants to take over everything called Seven Mountains Mandate. You can just read the link, but the idea is to take over what they consider all major parts of society, including business and have a Christian Dominion.