Intel Announces Retirement of CEO Pat Gelsinger
Intel Announces Retirement of CEO Pat Gelsinger
You're viewing part of a thread.
sharebuy back is cash transfer to shareholders.
CHIPS act allocated about 34b to be transferred to the corporation.
sharebuy back is cash transfer to shareholders.
That is simply not true, and Intel has only gotten less than $10 billion from CHIPS.
https://www.intel.com/content/www/us/en/newsroom/news/us-chips-act-intel-direct-funding.html
AFAIK they've actually only received 1 billion of that.
Do you understand what a share buyback is?
Original CHIPS allocation was 30-50b, looks like that was a total, intel was allocated 8.5b
https://www.theverge.com/24166234/chips-act-funding-semiconductor-companies
That's just this package Intel among other companies receive other substantial state aid thought, just to be clear within US but also outside.
For example, Germany is giving intel money too lol
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?
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?
Oh please...
so you have no rebuttal to my original thesis?
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.Obviously you are so stuck in your prejudiced opinions based on speculation and false information
Intel wasted 100 billion dollars and failed to invest into R&D
US taxpayer along with German one is transferring cash to Intel to pay for CapEx without taking equity position.
Money is fungible... so US taxpayer is bailing the shareholder who got paid out already.
Are you really still going to justify share buybacks were justified? They ruined the company lol
Obviously you are so stuck in your prejudiced opinions based on speculation and false information
FACTS is 🤡 capitalism here
the money haven't been paid out yet, except for an initial amount that is only a fraction of the total agreement.
that's because intel refused to take the terms US government atached to the money. CEO went on fake news crying about and he is now gutted because a brain dead idiot. At least feds using some common sense here. What they really should be doing is taking equity stake and get a seat on the Board.
You can't trust these parasite to run industry with national security impact.
Cheers ;)
Are you really still going to justify share buybacks
No I don't generally like share buybacks.
FACTS is 🤡 capitalism here
Those are the rules we are working under. If you don't like the rules, that's another debate.
that’s because intel refused to take the terms US government atached to the money.
But that would void the entire agreement, making your entire claim nothing but fluff and hot air.
You can’t trust these parasite to run industry
OK, so who can be trusted more? A 100% government controlled system, like the one that crashed the Soviet Union?
Corpos only doing this because normies larp the fake news headline they pay for as "investment"
this is not an investment, any adult person can quickly figure out that giving free cash to these parasites doesn't make much sense esp when they waste this money as straight cash transfer to the owner class
yet every day i have to spell this out on here because everyday there is somebody shilling corpo talking points as gospel.
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.
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?