Comment by righthand
15 hours ago
This is ignoring the original agreement of profit-sharing with the government as was in Biden’s original plan. Feeling “okay” or not “okay” is irrelevant until we know how well Intel does in the next decade and calculate the cost against the profit sharing agreement.
Yeah, I haven’t dug into the numbers to know. Which option makes more money for the government (and therefore the taxpayer, sort of) - a profit sharing agreement, or a share of the company (which, as with all publicly traded companies, is a profit sharing agreement that sometimes happens through dividends, and sometimes happens through stock sales).
Who cares about the money recovery, the actual concern is about getting the production up and running. This doesn’t really address that in any capacity.
True. I’d probably prefer to see the money go to a better performing company, but since there are like, 2 companies in the US that actually make semiconductors, there isn’t much other than starting a whole new company. Which, for $10B isn’t possible in this industry. So if the money is going to go to Intel, I at least want a cut of it, is my point.
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