Trump tweet:

It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.

  • Xaphanos@lemmy.world
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    1 day ago

    Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.

    • vacuumflower@lemmy.sdf.org
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      9 hours ago

      There’s literally Intel Management Engine or how is it called.

      And they are literally an American corporation that has always benefited from American governments pressuring competitors from other countries, and that was important for MIC since 70s.

      So that kind of trust was a clear no since long before I was born.

      • Decq@lemmy.world
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        5 hours ago

        So true, I’ve officially bought my last Intel product, though I didn’t know it at the time… A shame cause I was interested in their GPUs at maybe some point in the future. From now on it’s either ARM or AMD. Can’t support a company (partially) controlled by a fascism regime.

    • frazw@lemmy.world
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      1 day ago

      Intel never deserved trust. They rigged the game by cheating on benchmark tests and deserve the karma they are currently enjoying.

      I guess the average consumer would not be very aware of Intel being so shitty, but now everyone has a reason to be wary of them.

    • UnfortunateShort@lemmy.world
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      1 day ago

      Their biggest problem is that people don’t want to buy their stuff because it’s bad, they can worry about their backdoory image later

      • mushroommunk@lemmy.today
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        1 day ago

        Honestly this. Their cpus melting down over the past couple years and their refusal to even acknowledge it hurt their image more than any potential backdoor could.