Deal hasn’t even been finalized yet, and already they announce its gonna cause problems. Everything he touches turns to shit.
Intel warns shareholders that the US government's 10% stake could hurt company's international sales
Submitted 1 day ago by Amoxtli@thelemmy.club to technology@lemmy.zip
Comments
KnitWit@lemmy.world 1 day ago
unexposedhazard@discuss.tchncs.de 1 day ago
Nah this is just red scare tactics from Intel. This is not actually an entirely “bad” move by Trump, its just being done for the wrong reasons. People have been asking the government to start doing this kind of thing again for decades. The most prosperous period in US history was during the height of government interference in the market.
KnitWit@lemmy.world 1 day ago
Intel is just the easy one for people to get on board woth, as they are struggling and have received grants etc. Lutnicknalready said they want to do the same with Lockheed-Martin, who does jot have the same issues, amd expamding from there. I fully disagree with the notion being put forth that this is comparable to other nations ‘socializing’ their industries. This is Trump taking a cut. He attacked Intel, attacked their ceo and m threatened to have him removed. The ceo then bowed and is apparently giving up 10% of the company and is being called a genius by Trump now. It’s extortion.
sylver_dragon@lemmy.world 1 day ago
One of the reasons the US Government banned the use of Huawei devices in US critical infrastructure was the Chinese government ownership stake in Huawei. And that makes complete sense, you don’t run your critical infrastructure on devices which a major adversary might be able to compromise at the hardware level. By the same argument, I can see many countries being uncomfortable using chips made by Intel, because of the large ownership stake the US Government holds in Intel. It wouldn’t be the first time the US Government has been implicated in hardware hacking for SIGINT. The NSA TAO was outed hacking Cisco routers en route to target organizations.
So ya, gotta expect that some countries will be hesitant to use Intel chips in some places. At the same time, if the US Government has a high level of visibility and control over Intel’s manufacturing and processes, there is a good argument that US critical infrastructure and defense assets will favor Intel chips. So, it may be that Intel ends up trading non-US customers for a greater share of the US Government’s business.