• Buffalox@lemmy.world
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        2 days ago

        This is not about an arbitrary thesis, but about FACTS!
        As I’ve already shown, Intel was ONLY buying back when they actually had profits.
        And buying back stock is NOT a gift to stockholders.
        The CHIPS thing is a strategic political decision, you originally claimed was many times more than it actually is.
        Obviously you are so stuck in your prejudiced opinions based on speculation and false information, that you don’t care even when you find you had the facts wrong.
        The CHIPS agreement is not a gift, but a 2 way agreement that requires Intel to make heavy investments inside USA, and the money haven’t been paid out yet, except for an initial amount that is only a fraction of the total agreement.
        It’s not like the Biden administration just throws free money at companies as you seem to think.
        Now Trump may decide to do just that, because he is corrupt as hell. But that will be another debate.

        • sunzu2@thebrainbin.org
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          2 days ago

          Obviously you are so stuck in your prejudiced opinions based on speculation and false information

          Intel wasted 100 billion dollars and failed to invest into R&D

          US taxpayer along with German one is transferring cash to Intel to pay for CapEx without taking equity position.

          Money is fungible… so US taxpayer is bailing the shareholder who got paid out already.

          Are you really still going to justify share buybacks were justified? They ruined the company lol

          Obviously you are so stuck in your prejudiced opinions based on speculation and false information

          FACTS is 🤡 capitalism here

          the money haven’t been paid out yet, except for an initial amount that is only a fraction of the total agreement.

          that’s because intel refused to take the terms US government atached to the money. CEO went on fake news crying about and he is now gutted because a brain dead idiot. At least feds using some common sense here. What they really should be doing is taking equity stake and get a seat on the Board.

          You can’t trust these parasite to run industry with national security impact.

          Cheers ;)

          • Buffalox@lemmy.world
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            2 days ago

            Are you really still going to justify share buybacks

            No I don’t generally like share buybacks.

            FACTS is 🤡 capitalism here

            Those are the rules we are working under. If you don’t like the rules, that’s another debate.

            that’s because intel refused to take the terms US government atached to the money.

            But that would void the entire agreement, making your entire claim nothing but fluff and hot air.

            You can’t trust these parasite to run industry

            OK, so who can be trusted more? A 100% government controlled system, like the one that crashed the Soviet Union?

            • sunzu2@thebrainbin.org
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              2 days ago

              Corpos only doing this because normies larp the fake news headline they pay for as “investment”

              this is not an investment, any adult person can quickly figure out that giving free cash to these parasites doesn’t make much sense esp when they waste this money as straight cash transfer to the owner class

              yet every day i have to spell this out on here because everyday there is somebody shilling corpo talking points as gospel.

              • Buffalox@lemmy.world
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                2 days ago

                You have no idea who you are talking to. I’m a social democrat from Denmark, except a bit to the left of that. But communism doesn’t work, regulated capitalism does.
                Many things suck in USA, but CHIPS and helping Intel is a long way away from where the real problems are.

                • sunzu2@thebrainbin.org
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                  2 days ago

                  helping Intel is a long way away from where the real problems are.

                  That’s your opinion at best.

                  Intel has show that they are unable to manage their cash position why should tax payer reward a failed executive team and BoD?

                  Then even if we are gonna infuse intel with taxpayer cash, why should not US Treasury take an equity position for their “risk” as any normal investor would?

                  • Buffalox@lemmy.world
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                    2 days ago

                    why should not US Treasury take an equity position for their “risk”

                    I understand why that may seem like a fair solution on the surface, but it’s because that would make Intel a part federally owned company, and in general it is avoided to have publicly owned companies competing against private companies. Which in this case would be Nvidia, AMD, Comcast, Qualcomm etc. It’s a huge conflict of interest, and would easily be seen as unfair competition, possibly also by trade partners.

                    There might also be legal issues, internally in USA, and with WTO and other trade agreements.

                    So it’s kind of opening a can of worms that is better left closed. It’s not that I don’t understand where you are coming from, but trust me, regulation is way better than a government taking control.
                    Intel may collapse, but then maybe one of the previously mentioned companies may pick up the remains, and built it better. This is why we need to have free competition.