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As far as I understand, these companies would cede shares to the government, i.e. give the USG a stake for free.
by artninja1988 4mo ago
As far as I understand, these companies would cede shares to the government, i.e. give the USG a stake for free.
- JumpCrisscross 4mo ago> these companies would cede shares to the government, i.e. give the USG a steak for free That’s not the precedent of the Intel investment, where the “government’s equity stake” was “funded by the remaining $5.7 billion in grants previously awarded, but not yet paid, to Intel under the U.S. CHIPS and Science Act and $3.2 billion awarded to the company as part of the Secure Enclave program” [1] [1] https://www.intc.com/news-events/press-releases/detail/1748/intel-and-trump-administration-reach-historic-agreement-to https://www.intc.com/news-events/press-releases/detail/1748/...