TL;dr Intel was extorted into granting a 10% stake in order to receive previously promised Chips Act grants. And Andrew Ross Sorkin can't or won't call the spade a spade.
TL;dr Intel was extorted into granting a 10% stake in order to receive previously promised Chips Act grants. And Andrew Ross Sorkin can't or won't call the spade a spade.
How many countries paid bribes directly to Trump to get their tariff numbers lowered? The Don Trumpano. The executive branch is now an extortion ring.
Communism? SOCIALISM?
no, nazi shit. you think hitler wasn’t doing the same shit? trump wants to control intel personally so he can force them to do evil shit like “free backdoor in every intel processor”
Socialism
Damn so it looks like trump was able to get a stake and public ownership of a major corporation in return for financial help from the government when Biden literally secured nothing.
Will it give them a competitive advantage having the government on board as a shareholder?
Trump comes on the show, channeling his inner Mike Wallace would get him fired no doubt.
And so unlike Andrew who normally calls balls and strikes quite well… And it makes me wonder.
Appeasement never pays off when dealing with a dictator.
@cnbc.com is ‘in the tank’ for the regime. They are convinced (at least publicly) that what’s good for really rich white people is good for their network and them.
Insanity.
Does the NBC split mean I won't have to hear from that guy anymore on m-snow ?
Intel needed customers, not Trump. It sold 10% of its soul to the devil.
📌
Sorkin is useless. He let Musk lie during a NY Times DealBook interview (a few years ago) and let Musk insult a CEO (Iger) who hates Nazis.
What you get with a Convicted Felon and Rapist as President
Hard to imagine the contract was not made under extreme duress
Could somebody ANYBODY explain how this isn’t either extortion or socialism or both? And not Howard LickNut nor Scott Dimwit/Bessent type crapola!
That's @nytimes.com style
Won't. He knows better. But CNBC is for sale, so time to tow the line for shareholder value.
That’s it!
CNBC is only in the business of telling Vanguard boomers happy stories about their money. If you're looking for someone to speak truth to power, financial media ain't the place.
Does it make Intel a buy or a sell. The market doesn’t have a soul.