this post was submitted on 27 Mar 2024
131 points (98.5% liked)

Antitrust

40 readers
1 users here now

founded 10 months ago
MODERATORS
TinMod
131
Intel Brags of $152 Billion in Stock Buybacks Over Last 35 Years. So Why Does It Need an $8 Billion Subsidy? (www.commondreams.org)
submitted 10 months ago by TinMod to c/antitrust
11 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] ultranaut 7 points 10 months ago

Fabs are needed in the US for national security. It's not economically feasible to build them in the US without subsidies so the US government is paying up to get them built ASAP. It's really not that much money in the grand scheme of things, and the potential consequences of not doing it are severe. Yes, it's gross and it's stupid that this is how the world works, but this is how the world works.