Comment by BurningFrog
14 hours ago
So did they buy these stocks from Intel itself?
Does that dilute the share other intel stock owners have?
This stuff always confuses me.
14 hours ago
So did they buy these stocks from Intel itself?
Does that dilute the share other intel stock owners have?
This stuff always confuses me.
> So did they buy these stocks from Intel itself?
in a sense, although buy is not quite the right word. there were grants promised to chip manufacturers under certian conditions. trump decided to wave those conditions just for intel in exchange for 10% of the company.
> Does that dilute the share other intel stock owners have?
no, the shares were already existing and owned by intel.
The stocks were not bought. Intel's board literally voted to give 1/10 of the company to the American government. Any sort of other take is propaganda. The claim that the shares were in exchange for grant money is false. Grant money is free and requires no payback. Congress authorized grants, not equity investments.