Trump Administration Considers Stake In Intel (cnbc.com)
- Reference: 0178678078
- News link: https://yro.slashdot.org/story/25/08/14/2252251/trump-administration-considers-stake-in-intel
- Source link: https://www.cnbc.com/2025/08/14/intel-stock-climbs-trump-admin-stake.html
> Intel is the only U.S. company with the capability to manufacture the fastest chips on U.S. shores, although rivals including Taiwan Semiconductor Manufacturing Company and Samsung also have U.S. factories. President Donald Trump has called for more chips and high technology to be manufactured in the U.S. The government's stake would help fund factories that Intel is currently building in Ohio, according to the report.
[1] https://www.bloomberg.com/news/articles/2025-08-14/trump-administration-is-said-to-discuss-us-taking-stake-in-intel
[2] https://www.cnbc.com/2025/08/14/intel-stock-climbs-trump-admin-stake.html
Some kind of -ism (Score:1, Informative)
What's it called when the government owns the means of production? I swear it was on the tip of my tongue when I was socializing earlier.
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Hitler
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Are they, though?
They were doing fine taking the world over 10 years ago.
Then Xi happened to them, and it has been only economic trouble and militarization since then, but the budding "empire" has withered somewhat. Smaller presence in Africa and South America. BRICS died with nothing to replace it. A full 60% of the country still lives as it did under early Deng, and it doesn't look like things will be changing for them anytime soon.
The inertia from the years of economic liberalism that relaxed the dictato
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China is a techno-authoritarian regime, it stopped being socialist a long time ago when they allowed privately owned businesses to flourish
What Trump is doing by taking stakes in private industry is more of a form or Corporate Fascism than Socialism, since the government is granting favors, and picking winners and losers rather than owning anything other than a stake they can profit from and use to control the markets
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It's called "a scam".
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Socialism + Democracy = [1] Lemon socialism [wikipedia.org]
[1] https://en.wikipedia.org/wiki/Lemon_socialism
Ironically communism (Score:3)
They went so far to the right they came back around on the left. Government seizing the means of production. MAGA in 2025.
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They're not seizing the means of production, they're pouring government money into the hands of billionaires. And it's really a pump and dump, perhaps with the benefit of forcing out the brown CEO.
And make no mistake, government is controlled by industry here, not the other way around. It's fascism, not communism.
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> And make no mistake, government is controlled by industry here, not the other way around. It's fascism, not communism.
When you get to the tips of the political horseshoe, it's toe-may-toe, toe-mah-toe. Totalitarian fascism or totalitarian communism—it's a distinction without a difference. The only real difference is how you ended up there, not how things actually function.
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The political spectrum is a circle. It always has been.
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It is known as the "red-brown alliance" (brown shirts being associated with right-fascism).
Socialism (Score:1)
Socialism for a big business who ran themselves into the ground? Can I get some of that for fucking up my job?
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Corporate Socialism has been the norm for Trumpistan since the time it started calling itself "USA". For the most recent trend, google "bailout package".
I don't think ... (Score:3)
... a stake will do the trick. Intel needs a silver bullet.
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> ... a stake will do the trick. Intel needs a silver bullet.
Maybe way more than [1]one [wikipedia.org] ... :-)
[1] https://en.wikipedia.org/wiki/Coors_Light
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A stake is for a vampire and a silver bullet is for a werewolf.
Um ... (Score:5, Informative)
> Trump Administration Considers Stake In Intel
Didn't Republicans basically lose their collective minds when Obama approved a loan for Solyndra, claiming the government shouldn't, "pick winners and losers," and in 2024, didn't Senator Joni Ernst (R-Iowa) blast the Biden SBA saying, "“The levers of government should never be used to pick winners and losers based on political priorities." for expanding the Green Lending Initiative? Guess it's okay if the government is just going to buy into a company (presumably shares). /s Wondering... How much $TRUMP coin will this cost Intel?
[1]Ernst to Biden-Harris SBA: Stop Playing Politics, Picking Winners and Losers [senate.gov]
[1] https://www.sbc.senate.gov/public/index.cfm/2024/9/ernst-to-biden-harris-sba-stop-playing-politics-picking-winners-and-losers
There is nothing on earth more pointless (Score:3, Insightful)
than calling out right wing hypocrisy.
They are simply incapable of feeling the emotions of shame and self awareness associated with that emotion. They're too busy "owning the libs".
And when it bites them in the ass eventually they'll blame Obama. Because they're still waiting for Obama to take vengeance for racism.
The idea that Obama doesn't know they exist much less cares to be bothered with vengeance never crosses their minds.
He can't do that (Score:5, Insightful)
Or at least not without ruling by Fiat as a King would.
It is genuinely bizarre watching America crown a king in slow motion. And that King is incompetent senile reality talk show host. All because people over 50 can't tell the difference between reality and TV...
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All Trump does is rule by fiat. It's nothing but EO's now.
And SCOTUS declared Trump to be absolutely immune from law, he can do as he pleases. And he does.
We're not pretending that Trump isn't deploying the military on the streets of Democratic cities, right?
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Older people tend to skew Republican regardless. A bigger issue was a significant chunk of 18-44 year olds who voted for Biden in 2020 did not vote for Harris in 2024.
[1]https://navigatorresearch.org/... [navigatorresearch.org]
[1] https://navigatorresearch.org/2024-post-election-survey-gender-and-age-analysis-of-2024-election-results/
The millennials went hard for Harris (Score:2)
There was a small number of 18 to 24 year old men who voted Trump over Harris but not all that many.
50 to 64 year olds, older Gen x twats, gave us trump. Mostly because of transphobia.
That's not me being flippant. We have polls on the effect of transphobia and the transpanic on the election and without it Trump could not have won.
It took them a little over 10 years but they figured out how to get that moral panic going and it swept Trump into a second term and basically killed democracy in the st
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There's also data showing that Millennials and zoomers are not getting more republican as they get older.
[1]https://www.theguardian.com/co... [theguardian.com]
However, there *IS* evidence that an unsettling number of zoomers are straight up redpilled.
[1] https://www.theguardian.com/commentisfree/2023/jan/03/millennials-radicalism-not-getting-more-rightwing-with-age
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The biggest issue was that the Democratic party putting forward Biden again, who at that time knew where he was for only an hour a day, while telling people they can "trust the system", which minimized the perceived risks of Project 2025 taking over.
The very same Biden, btw, who appeared to be promising in 2020 to help a younger generation of Democrats to gain prominence, but then didn't deliver, leaving the party with no young cadres to take over.
Then when Biden lost the debate to Trump, of all people, the
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That's because Democrats are as racist as they come.
OH BOY! I just LOVE blatant graft! (Score:2)
Picking winners in a such a shockingly open way is the pinnacle of open governance!
Using the office of the presidency to support a company, while heavily investing in them, so that it succeeds and you make lots of money is certainly not illegal!
No, not at all! Certainly not [1]GRAFT [wikipedia.org], No, [2]THAT'S A CRIME!" [uscourts.gov]
This is PROTECTING AMERICAN INTERESTS , Yeah-- that's it!
Surely!
[1] https://en.wikipedia.org/wiki/Graft_(politics)
[2] https://www.armfor.uscourts.gov/digest/IIIA66.htm
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The government of Trumpistan has no concern for some nefarious "AMERICAN INTERESTS", dear.
It is only concerned with the interests of the Trump family, the great family that was given a POWERFUL MANDATE to MAKE AMERICA GRAFTY AGAIN.
And they're having a GREAT SUCCESS.
Marx would approve (Score:2)
Isn't seizing the means of production part of communism?
Do free market conservatives suppor this? (Score:2)
How many times have we heard that the government should not be at all involved in picking winners & LOSERS?
The Trump Chip (Score:2)
Trump Inside. That's what I want.