Oh, well then. Shaking down a company for equity in return for a grant that was agreed to for completely different purposes, is totally cool, and Trump needs to communicate his extortion more honestly. Great point.
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But that wouldn't even be extortion, assuming Intel wanted money enough to get it from the Feds instead of private investors, though how much equity vs cash is still a negotiation. Trump's framing it like he's the cool mob boss extortionist successfully shaking them down.
aug 22, 2025, 7:39 pm • 0 0 • view
The CHIPs Act money was promised by the prior administration for other things like building plants like in Ohio and keeping manufacturing and jobs in US. It was never "We'll give you this CHIPs act money in exchange 10% equity". It 100% is, purely, extortion.
aug 22, 2025, 7:43 pm • 1 0 • view
Oh, is this CHIPs money? I thought that had already been given out during Biden's term. Yeah, that'd be extortion if it's that. (I'm fine with the government getting equity back in return if they're going to hand companies piles of cash, though I'd prefer they do neither.)
aug 22, 2025, 8:20 pm • 0 0 • view
