Nope. I prefer an actual conservative approach.
“Nope. I prefer an actual conservative approach.“
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Well, I guess you’re going to have to find one who can win an election. So far, we have none available, eh.
By the way, why don’t you go ahead and describe exactly what the “conservative approach” would look like. And explain how these chip makers would be inclined to bring their manufacturing to the USA under that approach?
Remember, a “conservative approach” wouldn’t use any taxpayer monies.
Nope. I prefer an actual conservative approach.
https://theimaginativeconservative.org/2021/07/ten-conservative-principles-russell-kirk.html
To do that we need to have a discussion on what conservatism is. Folks, take the time to read the above, let your lips move, give it to others.
Conservatism is NOT a particular position on an issue. It is a way of thinking to achieve the bigger picture.
It is not illegal for the U.S. government to buy a stake in Intel; the U.S. government’s 10% equity stake in Intel, valued at $8.9 billion, was established through a recent agreement where Intel provided shares funded by grants already authorized under the CHIPS and Science Act. This move, while historically significant, was legally permissible within the framework of existing legislation, which provides for government funding and investments to bolster domestic semiconductor manufacturing.
Details of the Agreement
The U.S. government received a 9.9% stake, or approximately 433.3 million shares of Intel common stock. The investment of $8.9 billion was funded through outstanding grants from the CHIPS and Science Act and the Secure Enclave program, which had not yet been paid to Intel. The agreement aims to advance national priorities by strengthening the U.S. domestic semiconductor industry.
Legal Basis -—CHIPS and Science Act:
The agreement leverages funding and incentives authorized by the 2022 CHIPS Act, which provides billions of dollars in government funding for chip-related activities. Part of the funds for this investment also come from the Secure Enclave program, which supplies the Department of Defense with semiconductors.
Governance and Rights
Passive Investor: The U.S. government will not have a board seat or other governance rights in Intel, acting as a passive investor. The government has agreed to vote with the company’s board on matters requiring shareholder approval, with some exceptions.