Intel was founded on July 18, 1968.

Intel "was the world's third-largest semiconductor chip manufacturer by revenue in 2024 and has been included in the Fortune 500 list of the largest United States corporations by revenue since 2007. It was one of the first companies listed on Nasdaq."

Intel confirmed that the government would make an $8.9 billion investment in Intel common stock "reflecting the confidence the Administration has in Intel to advance key national priorities and the critically important role the company plays in expanding the domestic semiconductor industry."

They allowed themselves to be bullied into a non-American deal? Intel, IBM, Microsoft, Apple, Xerox, Cisco all great companies. But, what happened to Intel? All the other greats were afraid to invest in Intel?

Gag.

Update:
... the $8.9 billion is supposed to come from $5.7 billion awarded-but-not-paid to Intel under the Biden administration’s CHIPS Act, as well as $3.2 billion also awarded by the Biden administration through the Secure Enclave program.

Thus, this is money granted by the Biden Administration, with no equity involved for the U.S. government.

Wtf? It's time for Intel to stand up and turn down the current administration's deal. This deal is opening them up to legal challenges. Don't they know this administration is not forever?