Comment by notherhack
14 hours ago
A government stake gives confidence in the company’s survival that a one-time cash dump for the CHIPS act couldn’t.
It’s not a lot different than what car and financial companies got in 2009. They were about to go under because no one thought they’d be around long enough to get out from under and deliver goods or pay their debts. The government stake enabled them to keep operating and eventually recover and then the government returned the stake to the market (or will soon w/ Fannie & Freddie).
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