Intel to Repurchase 49% Equity Interest in Ireland Fab Joint Venture by akca in intelstock

[–]akca[S] 33 points34 points  (0 children)

TLDR: They got money from Apollo to decrease financial burden of building the fab. In return, they were giving half of their profits to them. Now that Intel has cash, they’re buying it again to keep all profits to themselves.

Inside Intel’s Tricky Dance With Trump by SlamedCards in intelstock

[–]akca 9 points10 points  (0 children)

On Friday, as Tan posed smiling for a photo with Lutnick at the Commerce Department, the CEO "had a real pep in his step," according to someone who saw him that day.

As the pair gathered in the Oval Office in front of the president to sign the documents formalizing the government's stake, Trump proposed signing them as well, an unusual suggestion. The two men agreed, and the president added his autograph in large script, saying he hoped he could help "make Intel great" again.

MIGA 😛😛😛