Comment by ejstronge
11 hours ago
First, this is different because this was not what was agreed when Intel sought the grant. So I reserve the right to see as ‘bad’ a coercive action.
Second, from your article:
‘ Commerce expects "upside sharing will only be material in instances where the project significantly exceeds its projected cash flows or returns, and will not exceed 75% of the recipient’s direct funding award." 'NOT A FREE HANDOUT'
Democratic Senator Jack Reed praised the profit sharing plan, saying chips funding is "not a free handout for multi-billion dollar tech companies.... There is no downside for companies that participate because they only have to share a portion of future profits if they do exceedingly well."’
Clearly, there was a cap on repayments, but there is not one on giving away equity
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