• Buffalox@lemmy.world
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    10 days ago

    Where do you get the 100 billion USD amount from?
    AFAIK Intel has received less than $10 billion.

    • sunzu2@thebrainbin.org
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      10 days ago

      sharebuy back is cash transfer to shareholders.

      CHIPS act allocated about 34b to be transferred to the corporation.

          • Buffalox@lemmy.world
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            10 days ago

            Do you understand what a share buyback is?

            I absolutely do, the company buys it’s own stock.
            So if the company has a 1000 dollars, and buy for a 1000 dollars shares, it changes nothing for the remaining stockholders.
            And the one who sold his stock, just got market value, nothing more nothing less.
            The company now has a 1000 dollars less, but there is also for a 1000 dollars less stock. So the inner value per remaining stock remains the same.

            Originally when the stock was sold, the money went to the company, when the company buys it back, it’s much like paying back a debt. But apart from that, Intel hasn’t done any buybacks for more than 3 years.

            https://ycharts.com/companies/INTC/stock_buyback

            Maybe you misunderstood how it works?

            • sunzu2@thebrainbin.org
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              10 days ago

              so intel spends 15 years buying back 100b in stock and ran the company into the ground…

              now taxpayer is transferring money to them…

              where is the disconnect here?

                  • Buffalox@lemmy.world
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                    10 days ago

                    This is not about an arbitrary thesis, but about FACTS!
                    As I’ve already shown, Intel was ONLY buying back when they actually had profits.
                    And buying back stock is NOT a gift to stockholders.
                    The CHIPS thing is a strategic political decision, you originally claimed was many times more than it actually is.
                    Obviously you are so stuck in your prejudiced opinions based on speculation and false information, that you don’t care even when you find you had the facts wrong.
                    The CHIPS agreement is not a gift, but a 2 way agreement that requires Intel to make heavy investments inside USA, and the money haven’t been paid out yet, except for an initial amount that is only a fraction of the total agreement.
                    It’s not like the Biden administration just throws free money at companies as you seem to think.
                    Now Trump may decide to do just that, because he is corrupt as hell. But that will be another debate.

              • CmdrShepard42@lemm.ee
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                10 days ago

                Intel is just a portion of the CHIPS Act funding and they’re the largest fab in the US. Why wouldn’t they be included in it when the whole point is to generate more domestic manufacturing rather than “trying to pick winners and losers?” Even TSMC got some of the money, and they’re already dominating the market, which arguably makes even less sense to award them taxpayer dollars.

                • sunzu2@thebrainbin.org
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                  10 days ago

                  Intel is topic of discussion here… none of them should be getting this money unless it is a market rate financing or equity position.

                  I don’t understand how we got to a position where people are shilling corpo’s interest.

                  Do you ever shill maternity leave this hard?

                  How is giving corpos money capitalist or free market? We can’t provide adequate social policy for taxpayers because “no money” but when corpo needs a bail outs, cash just gets transferred, tax credits or incentives are provided. NO PROBLEM.

                  Are you employed by Intel or own stock?