They deserve to fail so fucking hard though
You’re only saying that because it’s true.
🌈 N A T I O N A L I S A T I O N 🌈
What does that mean exactly? Is the company expected to compete or just support existing products or be sold to other owners?
Let’s start with what we’re not doing. We’re not handing out money to private investors in the old “socializing losses privatizing profits” bullshit we’ve been doing since the nineties.
So, if there’s a compelling national security reason to keep the company alive, we, the state buy it. Then we, the state, run it. We run it in a way that benefits our interests as owners and customers.
Maybe a few years down the line we can find a way to sell it (or our share in it) in a way that satisfies our national security requirements and makes us a load of money. This is not unheard of, see the acquisition and subsequent sale of ABN AMRO by the kingdom of the Netherlands.
Maybe split it up, write off some parts, sell some others, keep others.
Or we strip maybe it’s IP, and license it out to contractors to get the shit we need.
We can do whatever. We own it.
A tech company is not like a bank though, its value is not just in assets but in expertise. Is the plan to layoff all the engineers or pay them less? Is the plan the company generates profit? What if it can’t compete anymore and is just a money sink? And if you’re just going to sell it for assets then how’s that different from letting the company go bankrupt?
And licensing it out to contractors? That just sounds like a huge money sink.
Listen, Intel is fucked. It’s fucked right now, and getting bought out by someone else isn’t magically going to unfuck it. Saving the company is going to take money and effort.
We can also just let it go up in flames. No skin off my back.
Privatize profits, and socialize losses…
Feeding people that can’t afford to eat because of low salaries and high prices: That’s socialism!
Giving billions to a company that deserves to be replaced: That’s capitalism!
If Intel can’t pay their own bills from Intel’s money, they can be sold to a private company, file for chapter 11, or go out of business.
And let all those backdoors just walk away?
I assume that you’re at least halfway joking about backdoors in Intel.
Intel silicon has historically had a lot of “bugs”…
Every and any hardware manufacturer can or has.
What he means is the feature of having a lightweight OS with no documentation running under the OS you as a customer is running.
That’s not going to go away by switching to AMD or some ARM implementation, they all have their own equivalent. Maybe if you’re running some fully libre open-source RISC-V chip, but those are currently nowhere near capable of competing on the big stage for anything other than embedded/hobbyist stuff.
as much as I think Intel is dumb, it’s definitely not in the consumers best interest for Intel to go out of business or absorbed into another company
I will take Intel being sold or going under over cronyism and corporate welfare.
Why is it in anyone’s best interest to keep it as a monopoly if it can’t pay its bills? Its products are going to stagnate either way, injecting money is useless.
