r/technology • u/Franco1875 • 3d ago

Politics The Trump administration’s big Intel investment comes from already awarded grants

https://techcrunch.com/2025/08/23/the-trump-administrations-big-intel-investment-comes-from-already-awarded-grants/
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u/T1Pimp 3d ago

So, theft and the government taking a stake in the means of production. Are they commies now?

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u/PainterRude1394 2d ago

This is not theft. Highly recommend you understand the very basics before commenting.

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u/T1Pimp 2d ago

They took $5.7 billion from the CHIPS and Science Act and $3.2 billion from the Secure Enclave program and converted it into equity and they did so at below market value making us one of the largest shareholders. The chips act doesn't allow for equity purchase.

The executive doesn't control spending, Congress does. CONGRESS can redirect and explicitly approve equity stakes. It did in the 2008 financial crisis with tarp. That's not what happened here.

You can argue over me colloquially using "steal" but you won't. You'll just stupidly go back to sucking Fox News anchor schlong. I highly recommend you just go do that instead of commenting and looking like a fucking tool.

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u/PainterRude1394 2d ago

Words have meaning, just because your feels hurt doesn't make it theft.

The government is giving Intel chips act funds in exchange for some ownership. Arguably extortion, but definitely not theft.