Jump to content

Recommended Posts

Posted

surely they will figure it out, i mean AMD was ass dragging for years before they figured it out but they did.  at some point this stock has to be a buy just because toilet water has so much room for improvement.

  • 3 weeks later...
Posted
17 hours ago, Wiler77 said:

So POTUS is demanding INTC CEO resign, and telling TSMC they need to take a 49% ownership stake in the company.  Things going great!

'member when the president shouldn't be telling companies how do run themselves and what to say? Something about a free market?

season 20 20x1 GIF by South Park

  • Hook 'Em 1
Posted (edited)

Earlier this week, Cadence Design Systems pleaded guilty to illegally exporting EDA technology to China from 2015-2021.  The CEO of Cadence at that time: Lip-Bu Tan.  Today's Intel CEO: The same Lip-Bu Tan.

DJT tends to do almost everything with a bludgeon, but a "leak" to the NYT or WSJ or whatever stating, "The administration, the DoE, DoD, etc. is extremely concerned by the outcome of the Cadence case.  Cadence's CEO was Li-Bu Tan, who is now the CEO of Intel.  Federal officials are concerned about such a breach under his leadership at Cadence and whether the Intel board exercised proper due diligence in adding Mr. Tan to the board in 2022 and appointing him as CEO in 2025.  Intel has been a large recipient of CHIPs Act funding and has several critical contracts with the DoE and DoD."

EDIT to add: DJT being prescriptive almost guarantees a certain course of action will not be taken.  An immediate resignation/termination followed by a partnership with TSMC might actually be one correct course of action.  They absolutely cannot do that now, as it would be akin to DJT dictating corporate actions.  Yet another case where DJT should have been cautious or quiet.

Edited by boilerhorn
Posted

Looks like Trump flipped on Lip-Bu. https://www.cnbc.com/2025/08/11/intel-ceo-trump-lip-bu-tan.html

Another TACO case?

President Donald Trump said Monday that he and members of his cabinet met with Intel CEO Lip-Bu Tan, days after he called on the head of the chipmaker to resign. Intel shares rose 2% in extended trading.

“I met with Mr. Lip-Bu Tan, of Intel, along with Secretary of Commerce, Howard Lutnick, and Secretary of the Treasury, Scott Bessent,” Trump wrote in a post on Truth Social. “The meeting was a very interesting one. His success and rise is an amazing story. Mr. Tan and my Cabinet members are going to spend time together, and bring suggestions to me during the next week. Thank you for your attention to this matter!”

An Intel spokesperson confirmed the meeting.

“Earlier today, Mr. Tan had the honor of meeting with President Trump for a candid and constructive discussion on Intel’s commitment to strengthening U.S. technology and manufacturing leadership,” the spokesperson wrote in an email.

Posted
30 minutes ago, boilerhorn said:

Looks like Trump flipped on Lip-Bu. https://www.cnbc.com/2025/08/11/intel-ceo-trump-lip-bu-tan.html

Another TACO case?

President Donald Trump said Monday that he and members of his cabinet met with Intel CEO Lip-Bu Tan, days after he called on the head of the chipmaker to resign. Intel shares rose 2% in extended trading.

“I met with Mr. Lip-Bu Tan, of Intel, along with Secretary of Commerce, Howard Lutnick, and Secretary of the Treasury, Scott Bessent,” Trump wrote in a post on Truth Social. “The meeting was a very interesting one. His success and rise is an amazing story. Mr. Tan and my Cabinet members are going to spend time together, and bring suggestions to me during the next week. Thank you for your attention to this matter!”

An Intel spokesperson confirmed the meeting.

“Earlier today, Mr. Tan had the honor of meeting with President Trump for a candid and constructive discussion on Intel’s commitment to strengthening U.S. technology and manufacturing leadership,” the spokesperson wrote in an email.

Not TACO, it's the despotic leader saying "sure is a nice business, it would be a shame if anything happened to it..." And then seeing what sort of concessions and bribes he can secure. Apple did it last week with the glass and gold offering

  • Hook 'Em 1
  • Rage+1 2
Posted
10 minutes ago, Captainant said:

Not TACO, it's the despotic leader saying "sure is a nice business, it would be a shame if anything happened to it..." And then seeing what sort of concessions and bribes he can secure. Apple did it last week with the glass and gold offering

Goodfellas Bust Out - video Dailymotion

Posted

CNBC folks were just talking about the administration asking for stock in exchange for the Chips Act dollars for Intel. They were talking about the government taking a 10% position.

Posted
1 hour ago, Wiler77 said:

Company that acted like a cartel with its anticompetitive practices gets bailed out by US government and becomes a shareholder.  That's just super.

They're getting bailed out from decades of paying out record dividends and stock buybacks. This is more taxpayer subsidy of executive bonuses.

If they're buying back over a hundred billion in stocks, maybe they are the source of their own business problems. 

God, I love the Almighty Free Market and it's infinite wisdom to punish inefficient firms

  • Rage+1 1
Posted
2 hours ago, Captainant said:

They're getting bailed out from decades of paying out record dividends and stock buybacks. This is more taxpayer subsidy of executive bonuses.

If they're buying back over a hundred billion in stocks, maybe they are the source of their own business problems. 

God, I love the Almighty Free Market and it's infinite wisdom to punish inefficient firms

No CR/ but this seems bipartisan across aisles:

Quote

Some degree of greater government involvement is now pretty bipartisan — the reported deal involves converting the firm’s Biden-era grants into equity. The bigger question is whether this will help turn the chipmaker around — DC has long flagged Intel as America’s best (last?) bet for US-owned, home-grown chipmaking.

https://www.nytimes.com/2024/10/24/us/politics/intel-chips-biden.html

Posted
11 minutes ago, Vegas64 said:

No CR/ but this seems bipartisan across aisles:

https://www.nytimes.com/2024/10/24/us/politics/intel-chips-biden.html

You're citing a pre-trump47 article to tell me how what trump47 is doing is bi-partisan, just FYI. Reframing a grant as a stock purchase is some pretty rancid deal rewriting mid flight.

https://www.business-standard.com/world-news/trump-admin-in-talks-to-take-10-stake-in-intel-via-chips-act-grants-125081900100_1.html

Beyond Intel, the White House official also floated the possibility that the administration could convert other Chips Act awards into equity stakes. It’s not clear whether that idea has gained traction broadly within the administration or whether officials have broached the possibility with any companies that could be affected. 

It's going to sour any business from taking grant money for fear of it turning out to be a baited hook. The feds operating with such dishonesty is bad for business.

  • Hook 'Em 2
Posted
10 minutes ago, Captainant said:

It's going to sour any business from taking grant money for fear of it turning out to be a baited hook.

We can hope.

But yeah the whole thing stinks.

Posted
19 hours ago, TwiceHorn said:

Yeah, no, it's not.  The CHIPS Act provided grants, but the strings did not include giving up equity.  That's a whole new thing from Mr. Transaction.

 

19 hours ago, WBT said:

We can hope.

But yeah the whole thing stinks.

The crazy thing is that there's other recipients of CHIPS funding via grants that are not receiving demands of equity or compensation for what was a previous act of Congress. Just completely off the rails that the President is trying to take a bite out of a company.

I could have sworn folks around these parts felt passionately about the government seizing private property....

Posted (edited)
4 minutes ago, Captainant said:

 

The crazy thing is that there's other recipients of CHIPS funding via grants that are not receiving demands of equity or compensation for what was a previous act of Congress. Just completely off the rails that the President is trying to take a bite out of a company.

I could have sworn folks around these parts felt passionately about the government seizing private property....

Also, wtf is the point?  Making returns for the US?  They claim they're not going to exercise voting rights.  But that's enough stock to move the market on sale/"purchase."

I suspect that it's just performative in that Trump sincerely wishes he'd done the CHIPS Act and that his trade/manufacturing policy was that coherent.  The only thing that can be criticized is that it's a "government giveaway," and this mitigates that to some extent.

Edited by TwiceHorn
Posted
21 hours ago, TwiceHorn said:

Yeah, no, it's not.  The CHIPS Act provided grants, but the strings did not include giving up equity.  That's a whole new thing from Mr. Transaction.

My point is that in the current present time, the idea of the national government taking a stake in Intel (for whatever reasons; good, bad or indifferent) seems to be gaining bipartisan acceptance. 

  • Rage+1 1
Posted
31 minutes ago, Vegas64 said:

My point is that in the current present time, the idea of the national government taking a stake in Intel (for whatever reasons; good, bad or indifferent) seems to be gaining bipartisan acceptance. 

No, I don't think so.  CHIPs was a bipartisan effort, yes.  But it did not involve taking an equity stake in any company in return for grants.

Trump and Lutnick are doing this unilaterally, without Congressional or Democrat consent.

  • Like 1
Posted
47 minutes ago, TwiceHorn said:

No, I don't think so.  CHIPs was a bipartisan effort, yes.  But it did not involve taking an equity stake in any company in return for grants.

Trump and Lutnick are doing this unilaterally, without Congressional or Democrat consent.

I think I misspoke upon furthe reading, currently the idea of the national government taking the 10% stake in Intel is NOT bipartisan but Trump led; what is bipartisan is the interest in the government getting involved in some capacity to help Intel as a matter of national interest (even much more so than U.S. Steel).

Posted
1 hour ago, Vegas64 said:

I think I misspoke upon furthe reading, currently the idea of the national government taking the 10% stake in Intel is NOT bipartisan but Trump led; what is bipartisan is the interest in the government getting involved in some capacity to help Intel as a matter of national interest (even much more so than U.S. Steel).

You're not replying to your boss. It's okay to say "I think I was wrong upon furthre [sic] reading". 

Posted

I am not here to say that nationalizing something like intel isn't the right choice (looking straight at TSMC, and the big Chinese fabs) when a standalone corporate entity is competing against competition and a country its kinda fucked up and that's exactly what's happened with the foundry business at the leading edge node. 

Posted

https://www.trendforce.com/news/2025/08/22/news-trump-reportedly-spares-tsmc-micron-from-equity-grabs-after-chipmakers-ramp-u-s-investment/

U.S. Commerce Secretary Howard Lutnick confirmed in a CNBC interview that the administration is seeking a 10% stake in Intel, sparking fears of broader equity grabs from CHIPS Act recipients. But according to The Wall Street Journal, Washington has ruled out moves against major investors like TSMC and Micron.

A U.S. official cited by the report said Thursday the administration has no plans to seek equity in chipmakers like TSMC and Micron that are ramping up U.S. investments. Firms not expanding their pledges, however, could be asked to hand over stakes in exchange for subsidies, the report adds.

...

TSMC Reportedly Mulls to Return Subsidies if U.S. Seeks Stake

As the Wall Street Journal points out, Lutnick told CNBC that unlike the Biden administration, which “gave Intel and TSMC money for free,” Trump wants equity in return for subsidies: “If we’re giving you money, we want a piece of the action,” he added.

In response to this potential move, TSMC, which was awarded up to $6.6 billion for its Arizona fabs that began production in late 2024, has reportedly discussed the option of returning its subsidies if Washington seeks a stake, as per the Wall Street Journal.

Posted (edited)

The company's statement said that under the terms of the deal, the government has agreed to purchase 433.3 million primary shares of Intel common stock at $20.47 per share, equivalent to a 9.9% stake in the company. The government will have no board representation or other "governance or information rights," according to the statement, and the government agreed to vote with the company's board on matters requiring shareholder approval, with limited exceptions.

https://www.npr.org/2025/08/22/nx-s1-5509673/trump-says-us-government-will-take-stake-intel

I'm not sure what the deal is, really.  I guess the gubmint is getting something.  But it's not likely Intel's stock price is going to improve anytime soon, and certainly not as a result of domestic manufacturing unless the stock market starts to value something other than short-term earnings.

Also, this isn't going to work as any kind of ongoing policy shift.  Intel is only doing this because it's in deep shit.  Conditioning grants on equity surrenders means no one will take any grants.

Edited by TwiceHorn
  • Rage+1 1
Posted

So weird how all the people who cared more than anything about government overreach and "picking winners and losers" are conspicuously absent 🤔 It's almost like those criticisms have always been in bad faith or something 

  • Hook 'Em 2
Posted
1 hour ago, Captainant said:

So weird how all the people who cared more than anything about government overreach and "picking winners and losers" are conspicuously absent 🤔 It's almost like those criticisms have always been in bad faith or something 

Their silence applies to a significant number of previously held, supposedly strong ideological positions that seem to have all vanished into the ether now that those opinions are no longer convenient.

  • Hook 'Em 2
Posted

I am shocked because I would have expected socialism to excite the more extreme leftists.  This opens the door to the government owning part of lots of companies and planning their CapEx and strategy in the future.  I see no downside at all to the department of commerce planning business for some of these great American companies.

  • Haha 1
  • 4 weeks later...
Posted

I see that NVIDIA has pumped $5B into Intel to help keep them afloat. I'm reminded how Microsoft effectively kept Apple alive and independent in the 90s when they were struggling. You have to wonder if Intel can use this and the govt charity to turn into a powerhouse again on a long time frame. Obviously others feel so since INTC is up 25% today. 

Posted

Kind of wild stat - Jensen's individual net worth is greater than all of INTC's market cap. Crazy crazy crazy to see the State leaning in to bail out Intel and set up deals like this that are designed to harm competitors. Intel had a good GPU architecture that was in still in the early stages of development, but I'd bet my bottom dollar that they're abandoning that now since they're getting subsidized by NVDA and DJT

Posted

Huh actually, I wonder if this INTC move by NVDA is a means to jangle their keys and distract the markets from China starting to close off to Nvidia

https://www.reuters.com/markets/emerging/nvidia-ceo-huang-caught-between-us-chinas-larger-agendas-2025-09-17/

Quote
The Cyberspace Administration of China (CAC) has directed companies, including ByteDance and Alibaba (9988.HK), opens new tab, to terminate their testing and orders of the RTX Pro 6000D, the Financial Times reported on Wednesday, citing three people with knowledge of the matter.
 
The fresh ban is stronger than the earlier guidance from regulators that focused on the H20, the previous version of Nvidia's China-tailored AI chip, the report said.
"We'll continue to be supportive of the Chinese government and Chinese companies as they wish," Huang said in London.

CHINA SALES PRESSURED

The restrictions could further dent Nvidia's business in China, one of the biggest markets for semiconductors, which made up 13% of Nvidia's total sales last year.
"In today's global tech scene, multi-nationals like Nvidia are expected to code-switch between Washington's national security doctrines and Beijing's techno-sovereignty demands, all while keeping shareholders happy," Schulman said.
Even after Trump's August agreement of a 15% cut, the chipmaker said it has not sent any H20 chips to China and the U.S. has yet to come up with rules on how to get the payment.
Meanwhile, Nvidia's new RTX6000D chip, tailored for the Chinese market, has seen only lukewarm demand, with the chip being seen as not cost-effective and some major tech firms opting not to place orders, Reuters reported on Tuesday.
FT on Wednesday reported that several companies have indicated they would order tens of thousands of the RTX Pro 6000D and also started testing and verification work with Nvidia's server suppliers before telling them to stop the work after receiving the CAC order.

 

Posted
3 hours ago, Nice Guy Eddie said:

I see that NVIDIA has pumped $5B into Intel to help keep them afloat. I'm reminded how Microsoft effectively kept Apple alive and independent in the 90s when they were struggling. You have to wonder if Intel can use this and the govt charity to turn into a powerhouse again on a long time frame. Obviously others feel so since INTC is up 25% today. 

Feels like a big overreaction since the transacting price was below the market closing price, and there was no details on the actual committed forward business.  The actual presser is live right now. I sold out my remaining equity in the premarket and bought some small downside positions during the day.  Also hilarious that this cost NVDA all of 2 weeks of net income.

  • Hook 'Em 1
Posted

not sure what to make of it - former #1 and current #1 basically in a parent/sub relationship.  former #2 and current #2 the same.  AMD's stock relatively unaffected thus far after a one day reaction. seems like this is a big deal, but I dunno what to make of it.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...