According to Commerce Secretary Howard Lutnick, the plan would see the US disbursing approved CHIPS Act grants only after acquiring non-voting shares of Intel and likely other chipmakers. That would allow the US to profit off its investment in chipmakers, Lutnick suggested, and Sanders told Reuters that he agreed American taxpayers could benefit from the potential deals.
“If microchip companies make a profit from the generous grants they receive from the federal government, the taxpayers of America have a right to a reasonable return on that investment,” Sanders said.
The plan is that instead of just giving Intel the public’s money with no strings, the public would get something in return. I have to admit that doesn’t sound awful to me.
Yes. Of course. Because that’s what will happen, that money will go into improving services for the public rather than being funnelled into a rich pricks pockets. Totally what will happen, no reason to doubt that whatsoever.
The plan is that instead of just giving Intel the public’s money with no strings, the public would get something in return. I have to admit that doesn’t sound awful to me.
Yes. Of course. Because that’s what will happen, that money will go into improving services for the public rather than being funnelled into a rich pricks pockets. Totally what will happen, no reason to doubt that whatsoever.
Are these extra grants or just stipulations on renewing existing?
It’s not like the government wasn’t already giving them money, it’s just this will provide a return.
Wait a second, that sounds like sarcasm ?