🌈 N A T I O N A L I S A T I O N 🌈
Is it really a good idea to let Taiwan and Samsung control all semiconductor manufacturing?
Yes. Not Samsung but Taiwan. It would force the us to not tiptoe around China.
Also Intel is one of many, maybe the biggest name but for a Long time not the biggest player at all.
Ever read the name AMD? The ones actually behind x86 64bit and many other things?
Nvidia (even though they invest to much into a double that will pop)
ARM?
Texas instruments?
Bosh?
There is more than enough without intel.
*Apple
I love that paranoia and xenophobia. As if a corrupt domestic company is somehow magically better than a corrupt international company.
It’s been quite obvious over the past few years that yes there’s potentially some risk of foreign countries trying to install spy code, but actually that doesn’t seem to happen very often, and what’s much more damaging to our society are large corporations that use their power to screw over the general public, and most of these large corporations are domestic.
What does that mean exactly? Is the company expected to compete or just support existing products or be sold to other owners?
Let’s start with what we’re not doing. We’re not handing out money to private investors in the old “socializing losses privatizing profits” bullshit we’ve been doing since the nineties.
So, if there’s a compelling national security reason to keep the company alive, we, the state buy it. Then we, the state, run it. We run it in a way that benefits our interests as owners and customers.
Maybe a few years down the line we can find a way to sell it (or our share in it) in a way that satisfies our national security requirements and makes us a load of money. This is not unheard of, see the acquisition and subsequent sale of ABN AMRO by the kingdom of the Netherlands.
Maybe split it up, write off some parts, sell some others, keep others.
Or we strip maybe it’s IP, and license it out to contractors to get the shit we need.
We can do whatever. We own it.
A tech company is not like a bank though, its value is not just in assets but in expertise. Is the plan to layoff all the engineers or pay them less? Is the plan the company generates profit? What if it can’t compete anymore and is just a money sink? And if you’re just going to sell it for assets then how’s that different from letting the company go bankrupt?
And licensing it out to contractors? That just sounds like a huge money sink.
Privatize profits, and socialize losses…
If Intel can’t pay their own bills from Intel’s money, they can be sold to a private company, file for chapter 11, or go out of business.
as much as I think Intel is dumb, it’s definitely not in the consumers best interest for Intel to go out of business or absorbed into another company
They deserve to fail so fucking hard though
Feeding people that can’t afford to eat because of low salaries and high prices: That’s socialism!
Giving billions to a company that deserves to be replaced: That’s capitalism!
