Trump Is Intel!

The project to nowhere.

The biggest waste of space is located in Central Ohio. The 45th/47th President of the United States, Donald J. Trump caused chaos with these tariffs. 

Former president Joe Biden was touting this disaster as America's comback. Gov. Mike DeWine and Ohio leaders were shovels and photops. Ground broke in 2022 and now three years later, a large sprawling nothing. 

Mind you, the area was farmland and rural homes. Now it is an irreversible land grab which shows the results of America's problem with sprawl

The company that promised to build one of the largest semiconductor and processing chips plant is slowly backing out.

Intel is struggling.

Because of their support of Israel, the company has been on a boycott by businesses in the Global South and Arab League.

Intel has released a series of disappointing revenue. They are laying off 25% of their workforce.

The company still believes the Intel plant will still be built in New Albany, Ohio, a suburb of Columbus by 2031. The cities of New Albany and Columbus are fuming over this. They were anticipating a monumental success.

Republicans and conservatives fail for it again. The U.S. government is taking about 10% of Intel.

While we are witnessing the demise of capitalism, Republicans and conservatives fume at President Donald J. Trump taking a federal seizing of a private company.

The Trump administration said Friday that it had taken a 10% stake in Intel, the president's latest extraordinary move to exert federal government control over private business.

Intel Columbus is indefinitely stalled.

The United States will not seek direct representation on Intel's board and pledged to vote with the current Board of Directors on matters requiring shareholder approval, "with limited exceptions," according to a joint release from the Trump administration and Intel. The move also comes as the United States vies with China in the race to dominate the artificial intelligence industry.

Trump announced the deal on his Truth Social platform Friday, praising the company's CEO just two weeks after he called on the executive to resign over alleged China ties.

"It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future," he wrote. "I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation."

President Donald J. Trump's age is showing. He is showing the U.S. how capitalism, nepotism, white privilege, elitism and apartheid tore this country apart.

While the U.S. held temporary stakes in firms at the center of the 2008-2009 global financial meltdown as part of a bailout, this move is unusual since the economy is not embroiled in a crisis. Congress published a study in 2003 that examined the impact of the federal government taking direct stakes in public companies, concluding that doing so would “not offer a free lunch” and expose taxpayers to “greater risk” alongside the upside potential.

The stake will be paid for through $5.7 billion in grants previously awarded to Intel under the 2022 U.S. CHIPS and Science Act, plus $3.2 billion awarded to the company as part of a program called Secure Enclave. It’s a formerly classified initiative that Congress appropriated funds for in 2024 after lobbying by Intel, Politico reported in 2024.

Including $2.2 billion in CHIPs grants Intel has received so far, the total investment is $11.1 billion, or 9.9%. Intel is valued at about $108 billion on the stock market.

Trump continues to bulldoze through long-held norms regarding government and business, departing from the free-market ethos that has long prevailed in both major U.S. political parties.

This month, Trump persuaded the chipmakers Nvidia and AMD to pay the U.S. government 15% of their revenues from some sales to China in return for securing export licenses there.

Lip-Bu Tan is struggling to keep his job as the CEO of Intel. Trump openly called for his firing but reverse course after the company announced a government takeover.

While those firms have seen their fortunes rise amid the larger artificial intelligence boom, a windfall from any of them is no sure thing. In the case of California-based Intel, the company has struggled to keep up with rivals in recent years, with its shares down some 60% from the highs seen during the pandemic.

But amid the ongoing artificial intelligence arms race — and the goal of making computer chips a national security priority — Trump officials zeroed in on Intel as a means of leveling up U.S. control over semiconductor production.

Earlier this week, Japan’s SoftBank also announced it would invest $2 billion in Intel to “deepen their commitment to investing in advanced technology and semiconductor innovation in the United States."

Some Democrats signaled they were on board with the move.

"U.S. leadership is critical for both our economy and national security," U.S. Senator Mark Warner, D-Virginia, said in a statement Friday evening.

"Taking an equity stake in Intel may or may not be the right approach, but one thing is clear: allowing cutting-edge chips to flow to China without restraint will erode the value of any investment we make here at home. We need a strategy that protects American innovation, strengthens our workforce, and keeps the technologies of the future firmly in American hands."