Commerce Secretary Howard Lutnick said that the U.S. government has taken a 10% stake in chipmaker Intel.
  • shalafi@lemmy.worldEnglish
    7·
    3 months ago

    Didn’t the US do a similar thing to save our auto industry? Buying in? I’m hazy on the details, been a minute, but didn’t we cash out and profit?

    Not saying this is the end game here, but still?

    • kameecoding@lemmy.worldEnglish
      2·
      3 months ago

      AFAIK the US government also made money off of the 2008 bailouts, at least I am sure they had to pay it back, but for some reason I think it lives in people’s minds as it was like a one time gift of money to those banks and they didn’t have to pay it back or anything.