Comment by russellbeattie
Comment by russellbeattie a day ago
We haven't invested any public dollars into Intel, we just took 10% of it.
Comment by russellbeattie a day ago
We haven't invested any public dollars into Intel, we just took 10% of it.
> "About $7.8 billion had been been pledged to Intel under the incentives program, but only $2.2 billion had been funded so far. Another $3.2 billion of the government investment is coming through the funds from another program called “Secure Enclave.”"
The funds were already going to Intel. Trump just decided to demand 10% of the company for the already earmarked incentive programs. It was pure extortion.
The US government is paying about $9B to Intel for this (on top of the $2B already paid).