the value of the government’s 9.9 percent equity stake crashed from almost $40 billion to well under $30 billion
, still an unrealized 200%+ gain, so I guess the government “bought the dip” in a way. Though why Republicans back their favourite President engaging in casual nationalization still baffles me. Maybe any Democratic president should employ a similar path to nationalization disguised as a bailout: to legislatively constrict the business model of any company they want to acquire at discount “market rates”, then restore something along previous regulatory conditions.
The dip was also largely trumps fault for with holding money that had already been promised to Intel from the chips act, despite Intel having already spent a bunch of their own money on building new production lines.
What was
Is now
, still an unrealized 200%+ gain, so I guess the government “bought the dip” in a way. Though why Republicans back their favourite President engaging in casual nationalization still baffles me. Maybe any Democratic president should employ a similar path to nationalization disguised as a bailout: to legislatively constrict the business model of any company they want to acquire at discount “market rates”, then restore something along previous regulatory conditions.
It’s to get chip fab in the US. Taiwan is not a stable place for the advanced chips the US and rest of the world rely on.
Are you saying the US is a stable place for the rest of the world to rely on? We really haven’t been for the past decade, at least.
I don’t see that claim, just that US is a more stable place for the US to rely on. Whether that’s true is debatable though
No, but the US needs its own chip fab. The rest of the world will need to figure out on there own where to get theirs.
The dip was also largely trumps fault for with holding money that had already been promised to Intel from the chips act, despite Intel having already spent a bunch of their own money on building new production lines.