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As much as I dislike Trump, he didn’t extort anything. He renegotiated the profit-sharing terms for an equity stake in Intel.
by righthand 1y ago
As much as I dislike Trump, he didn’t extort anything. He renegotiated the profit-sharing terms for an equity stake in Intel.
- cpncrunch 1y agoThis is the correct answer. All the news articles seem to be lacking in details, but the deal did indeed waive the profit-sharing and claw-back provisions: https://www.intc.com/news-events/press-releases/detail/1748/intel-and-trump-administration-reach-historic-agreement-to#:~:text=The%20existing%20claw%2Dback%20and,advances%20its%20U.S.%20investment%20plans. https://www.intc.com/news-events/press-releases/detail/1748/...