The biggest problem with this is, suppose there’s a bid out for a contract. This puts AMD and any other chip maker at a disadvantage. I honestly don’t know what to call it other than fascist economic policy.
US Government’s stake in Intel are non-voting shares.
Actually, though, I would welcome AMD putting in a better bid on a contract than Intel, and the US gov still taking the Intel bid. It would spotlight the reason why fedgov shouldn’t own shares in any company. Fedgov would deserve the ■■■■ storm that would create.
They’re free to bid “NO COST!! YOU GET A FREE SHIPMENT, AND YOU GET A FREE SHIPMENT…”, of course. But they’re still a for-profit corporation with voting stockholders to answer to, and a BOD, and corporate responsibilities, etc.
I’d be more OK with this if it were some kind of deal where they’re simply getting 10% of the high-end chips for use in government systems, but we all know it’s just a matter of time before “secret” things start going into the chips meant for the open market, and other slimy gimmicks.
and with the government owning 10% of the company subject to coercion from the government. Certainly, would be lots of insider trading opportunities though!
More reason why it’s not a good idea for the government to do it. (Maybe you missed it, but my post you originally responded to was NOT in favor of this.)
Excellent. All those things. Thank you for noting my libbism.
I don’t believe for a second that you support any of this just so you know and for a big reason too. Having a passing conversation about the pros and cons of a governmental action isn’t supporting it.
Why? Every other outrageous thing to come out of Trump’s mouth in the last nine years has had virtually no effect on his public persona. I gave up saying “well, that will be the end of Trump” back in early 2017.