That's where the comparison with the auto bailout in the wake of the financial crash falls apart.
Intel got no bailout. The government demanded 10% of the company for financial grants that Intel already received, largely under the Biden administration, under vehicles like the CHIPS act (you know -- the massively successful policy that is the actual reason that a bunch of latest tech chip plants are being built in the US). It's an absolutely bizarre situation, and the only reason Intel would even go along with it is that this administration operates like an extortion racket and would somehow cripple the company otherwise.
Intel got no bailout. The government demanded 10% of the company for financial grants that Intel already received, largely under the Biden administration, under vehicles like the CHIPS act (you know -- the massively successful policy that is the actual reason that a bunch of latest tech chip plants are being built in the US). It's an absolutely bizarre situation, and the only reason Intel would even go along with it is that this administration operates like an extortion racket and would somehow cripple the company otherwise.