> "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.
> "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 funds were already going to Intel.
That's not a given - even under Biden: https://news.ycombinator.com/item?id=44993388