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The author plays really loose with the meaning of nationalisation too. Because boy, we can definitely show you what proper nationalisation feels like. What hap
by ohgodplsno 4y ago
The author plays really loose with the meaning of nationalisation too. Because boy, we can definitely show you what proper nationalisation feels like.
What happened was, the NSIG bought a block the same size as Bpifrance did (a public, state-ran investment bank), the state didn't like it because China has a habit of coming in, draining companies dry of wealth and IP and leaving, and said fuck off. Nothing really surprising about any of this.
If Intel or Texas Instruments was about to be controlled by foreign powers, the US would intervene in the exact same way. Probably even harder actually.
Bpifrance's involvement: https://www.usinenouvelle.com/article/le-role-trouble-de-bpifrance-dans-la-bataille-de-gouvernance-chez-soitec.N1778062 https://www.usinenouvelle.com/article/le-role-trouble-de-bpi...
- stuaxo 4y agoYeah - I kept waiting for the nationalisation and bit and it just didn't happen.