• sunzu2
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    020 days ago

    If we give them billions of dollars, then why are we not taking equity position?

    You do understand that shareholders were transferred 100billion dollars over last 20 years?

    Why is us taxpayers bailing out their position?

    Why Intel needs cash, why doesn’t intel issue shares and gut the shareholder?

    Eitherway, I am happy that you are satisfied with this transfer. I am not.

    • @Buffalox@lemmy.world
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      20 days ago

      Where do you get the 100 billion USD amount from?
      AFAIK Intel has received less than $10 billion.

      • sunzu2
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        020 days ago

        sharebuy back is cash transfer to shareholders.

        CHIPS act allocated about 34b to be transferred to the corporation.

            • @Buffalox@lemmy.world
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              20 days ago

              Do you understand what a share buyback is?

              I absolutely do, the company buys it’s own stock.
              So if the company has a 1000 dollars, and buy for a 1000 dollars shares, it changes nothing for the remaining stockholders.
              And the one who sold his stock, just got market value, nothing more nothing less.
              The company now has a 1000 dollars less, but there is also for a 1000 dollars less stock. So the inner value per remaining stock remains the same.

              Originally when the stock was sold, the money went to the company, when the company buys it back, it’s much like paying back a debt. But apart from that, Intel hasn’t done any buybacks for more than 3 years.

              https://ycharts.com/companies/INTC/stock_buyback

              Maybe you misunderstood how it works?

              • sunzu2
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                020 days ago

                so intel spends 15 years buying back 100b in stock and ran the company into the ground…

                now taxpayer is transferring money to them…

                where is the disconnect here?

                  • sunzu2
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                    020 days ago

                    so you have no rebuttal to my original thesis?

                • @CmdrShepard42@lemm.ee
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                  020 days ago

                  Intel is just a portion of the CHIPS Act funding and they’re the largest fab in the US. Why wouldn’t they be included in it when the whole point is to generate more domestic manufacturing rather than “trying to pick winners and losers?” Even TSMC got some of the money, and they’re already dominating the market, which arguably makes even less sense to award them taxpayer dollars.

                  • sunzu2
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                    020 days ago

                    Intel is topic of discussion here… none of them should be getting this money unless it is a market rate financing or equity position.

                    I don’t understand how we got to a position where people are shilling corpo’s interest.

                    Do you ever shill maternity leave this hard?

                    How is giving corpos money capitalist or free market? We can’t provide adequate social policy for taxpayers because “no money” but when corpo needs a bail outs, cash just gets transferred, tax credits or incentives are provided. NO PROBLEM.

                    Are you employed by Intel or own stock?