Comment by fluoridation
8 hours ago
Why would the government need to "demand" to buy a piece of a publicly-traded company? Is 10% of Intel more than what is being traded in the public market?
8 hours ago
Why would the government need to "demand" to buy a piece of a publicly-traded company? Is 10% of Intel more than what is being traded in the public market?
As I understand it, the government didn't pay anything for these shares.
Why does this keep coming up?
They're paying the rest of the CHIPS Act money. Overall, they're putting in over $10B into Intel.
Where in the bill passed by Congress does it say taking funds entitles the government to 10% of the company 3 years after the fact?
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> They're paying the rest of the CHIPS Act money. Overall, they're putting in over $10B into Intel.
So taking a scholarship means you're giving a % of yourself to the school?
Was this ever mentioned when Intel signed up? Did you know about it?
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"purchasing 433.3 million shares at a price of $20.47 per share" in the article. That was the price a day or so ago