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We haven't invested any public dollars into Intel, we just took 10% of it.

• BeetleB 1y ago
  The US government is paying about $9B to Intel for this (on top of the $2B already paid).
  • russellbeattie 1y ago
    > "About $7.8 billion had been been pledged to Intel under the incentives program, but only $2.2 billion had been funded so far. Another $3.2 billion of the government investment is coming through the funds from another program called “Secure Enclave.”" The funds were already going to Intel. Trump just decided to demand 10% of the company for the already earmarked incentive programs. It was pure extortion.
    • BeetleB 1y ago
      > The funds were already going to Intel. That's not a given - even under Biden: https://news.ycombinator.com/item?id=44993388 https://news.ycombinator.com/item?id=44993388