I guess trying to get the big money to pay their fair share of taxes would be considered socialism by a few on here ? After all, they employ lots of people and they let the money trickle down and thus make the world go round.

At this point in time,,,,,,In this case(Intel),,, giving them a tax break

Instead of “free” money, or taking a stake in the business would of been the route to go

But it’s to late for that,,

Taking a stake, and hopefully pawning it off on someone else(buffet like) later down the road would be the lesser of all evils. Hopefully regroup some of the money

No matter what happens, it’s a crappy deal

I would definitely not be buying any intel

In the small business world I grew up in if one didn't pay their bills and taxes he was sold out at the North door of the court house and let someone who would pay their bills give it a try.

Why give them grants or take a stake... versus just letting them fail?

I'm guessing our defense dept. relies on chips.

My guess is it has to do with the promise of building a huge facility in Ohio,,,vs letting them fail

Yeah... cutting edge chips like the ones made by Nvidia.

Maybe the question isn't, do we want government meddling in the chip manufacturing?, but which government do we want meddling in chip manufacturing?

Could be, I'm guessing.

When it comes to our defense, we usually no nothing of what's going on until they want us to.

There's A lot of maneuvering going on in this sector.

I"d like to hear what the Trump blamers would do if they were in charge

I would let Intel go bankrupt and direct any CHIP grant money to companies capable of producing the quality of chips that we need.

3 billion contract by Biden, then another 8 billion under the chips act is how I see it.

My guess was right about home grown chips for the military.


https://www.defense.gov/News/Releas...erce-joint-statement-announcement-in-su/

Businesses are born to die. It is the business cycle. They get fat and inefficient and someone new comes and replaces them with a better product at a better price.. Spare me the national defense nonsense. We have MAD.

Now I am off to Sears to exchange some craftsmen tools.

From WSJ: The government might for instance pressure chip designers like Nvidia, AMD or Qualcomm to manufacture with Intel, perhaps as a condition for getting export licenses for China.

And that could easily go wrong. If companies are forced to use Intel’s factories before they can make chips with production yields that match TSMC’s, it could result in inferior products and wastage by Intel because so much silicon has to be thrown out to make a working chip. More broadly, if chip designers are using Intel fabs even though they aren’t the most advanced or efficient, the entire U.S. chip industry could lose competitiveness. That would undermine the ultimate goal of government intervention in the industry, which is to maintain American technological supremacy.

The Rubicon of state intervention in chips is already crossed. The administration already has significant leverage over Intel thanks to government factory-expansion grants that place limits on how it can restructure its chip design and manufacturing arms without government consent.

But the federal government must take care not to go too far, lest it undermine the market model that made America’s technology sector the envy of the world.

Whole Article

The problem is reality. Government already owns a piece of everything. Don't pay your property tax and you will find out you don't own your land. Eliminate food stamps and watch grocery stores collapse in no time. Stop subsidizing farms and watch them go belly up. My wish is that .gov would start pulling away from this but I don't believe it will happen with Trump. I think he sees .gov investing in private business as a revenue earner, businessman like earning money, not a socialist dream. At least we have pulled out of funding NPR and PBS with more rescissions on the way. Now if only Alaska's senators, along with a few others, will support such spending cuts. Ain't holding my breath.

Alaska's senator was here in the armpit checking out a fantasy coal mine pipe dream. Probably be wasting Federal Government money on this soon if not already.

So its just INTEL I agree they're the Dinosaur much like US Steel in the 80's But your okay with giving money to someone else and i agree with that otherwise they outsource which is why we're in this predicament And if Trump who appears to be the only one in government today hands out a dollar he expects something in return and willget it unlike the trillions of handouts we're used to seeing with no idea where it went

You do know that most of the bailout money from 2008 was paid back with profit in many cases?

"US 2008 Bailout Money Recovery
Yes, the U.S. government recovered the bailout money from the 2008 financial crisis and ultimately made a profit. The primary program, the Troubled Asset Relief Program (TARP), involved federal outflows of $633.6 billion for economic bailouts, while inflows from interest, dividends, fees, and stock warrant repurchases totaled $754.8 billion, resulting in a net profit of $121 billion.
The majority of the funds were repaid by banks and other financial institutions, with the government taking shares and assets as collateral for emergency loans.
Most of the bailed-out companies, including major banks, GM, and Chrysler, paid back the amounts they received."

Doesn't make it right.