US Gov Buys 10% of Intel: What’s It Really Means - David Sacks

The US government just took a 10% stake in Intel. Last Friday, Trump announced that the US government would acquire 10% of the chip maker. As we all know, there was this chips act to try to onshore chip manufacturing. There's a lot of chip companies that are US, but they don't actually make the chips here in the United States. Most of the chips in the world are made in Taiwan, obviously, by TSMC. And so these grants were created. Nine billion of them were grants. There were also tens of billions in loans. A ...