You have no idea who you are talking to. I’m a social democrat from Denmark, except a bit to the left of that. But communism doesn’t work, regulated capitalism does.
Many things suck in USA, but CHIPS and helping Intel is a long way away from where the real problems are.

Are you really still going to justify share buybacks

No I don’t generally like share buybacks.

FACTS is 🤡 capitalism here

Those are the rules we are working under. If you don’t like the rules, that’s another debate.

that’s because intel refused to take the terms US government atached to the money.

But that would void the entire agreement, making your entire claim nothing but fluff and hot air.

You can’t trust these parasite to run industry

OK, so who can be trusted more? A 100% government controlled system, like the one that crashed the Soviet Union?

This is not about an arbitrary thesis, but about FACTS!
As I’ve already shown, Intel was ONLY buying back when they actually had profits.
And buying back stock is NOT a gift to stockholders.
The CHIPS thing is a strategic political decision, you originally claimed was many times more than it actually is.
Obviously you are so stuck in your prejudiced opinions based on speculation and false information, that you don’t care even when you find you had the facts wrong.
The CHIPS agreement is not a gift, but a 2 way agreement that requires Intel to make heavy investments inside USA, and the money haven’t been paid out yet, except for an initial amount that is only a fraction of the total agreement.
It’s not like the Biden administration just throws free money at companies as you seem to think.
Now Trump may decide to do just that, because he is corrupt as hell. But that will be another debate.

Oh please…

I am pretty sure the plan wasn’t to quit at 63, at what looks like halfway through his plan.

Do you understand what a share buyback is?

I absolutely do, the company buys it’s own stock.
So if the company has a 1000 dollars, and buy for a 1000 dollars shares, it changes nothing for the remaining stockholders.
And the one who sold his stock, just got market value, nothing more nothing less.
The company now has a 1000 dollars less, but there is also for a 1000 dollars less stock. So the inner value per remaining stock remains the same.

Originally when the stock was sold, the money went to the company, when the company buys it back, it’s much like paying back a debt. But apart from that, Intel hasn’t done any buybacks for more than 3 years.

https://ycharts.com/companies/INTC/stock_buyback

Maybe you misunderstood how it works?

sharebuy back is cash transfer to shareholders.

That is simply not true, and Intel has only gotten less than $10 billion from CHIPS.

https://www.intel.com/content/www/us/en/newsroom/news/us-chips-act-intel-direct-funding.html

AFAIK they’ve actually only received 1 billion of that.

That’s fine, we buy firewood every year, Now I will absolutely prioritize a dealer using Buffalox units for it.

Where do you get the 100 billion USD amount from?
AFAIK Intel has received less than $10 billion.

he absolutely stayed the course that his predecessors chose,

Yes that part was always a bit confusing to me, because I couldn’t really see anything new in his strategy, except he was doing it harder. But isn’t that what it takes when you fall behind?
As much as I hate Gelsinger’s pompous bragging style, it’s hard to see what else they could do?

It makes me so proud to now be a part of the Imperial system, I may even switch to using it. 😋

What was I thinking? 😋
But their stock is actually up a bit today!

Wow, so an unknown is better than Gelsinger!!

Yes that is absolutely true, and since it’s milk there will be a few percent variance it requires slightly less. But still very good to get the ballpark easy, to check a more accurate calculation isn’t way off because some typo or something.
Easy calculation between heat, energy, weight and volume is so cool, and actually quite often practical to make quick estimates.

Which means it was kind of effective Friday, either way it doesn’t change that it is very sudden.
If this was done properly, it should have been announced Friday at the latest.

True, Stellantis has done extremely poorly the past couple of years IMO. They have several brands that usually feature in the top 10 most sold car models here (Denmark). But currently they have zero models even in top 20. Their EV cars are underwhelming generally offered with too small batteries, and are almost complete failures in the market. There have been some seriously wrong administrative decisions at the top.

Some of the same can possibly be said about Intel, except Intel was already in trouble when Gelsinger took over, and he is still working on the plan he set out to execute. Switching him out now looks really bad. Of course it may be they have to, disregarding how it looks.

With Stellantis it seems more the logical thing to do. Because Stellantis is bleeding, and losing market share fast.

Edit:
Huge difference with Stellantis is that they are quite open about the performance of the company has been poor, and that’s the reason he retires abruptly.

CEO Pat Gelsinger retired from the company after a distinguished 40-plus-year career and has stepped down from the board of directors, effective Dec. 1, 2024.

and

The board has formed a search committee and will work diligently and expeditiously to find a permanent successor to Gelsinger.

Wow, this is a really bad look for Intel. Gelsinger stepping down without Intel having a replacement! I always wonder when it doesn’t say why a CEO is stepping down suddenly without warning.

It’s notable that the announcement says nothing about Gelsinger having finished the part of the task he started on. It looks like they’ve lost confidence in Gelsinger (speculation). If that’s true, it also means they’ve probably lost confidence in the entire rescue plan he started on?

This is a huge bombshell, and not very elegantly executed IMO. Not just effective immediately, but effective YESTERDAY!?

I recommend Epos headsets. My GSP 370

Is it possible to detach the microphone?

You are making an extreme and false equivalence.
The difference is that the rich is getting it at the cost of others.
The rich feel entitled to have privileges way above what others have.
Ordinary people just want to be treated fairly and humanely.

200° F is 93 C.
And now we have it converted to Metric, we can easily calculate that heating 1 liter, is 1 kg is 1000 grams = 1000 calories per degree it needs heated, so if it was cooled at 5° C you would need to heat it 88° C = 88000 calories to heat it to 93° C.

Isn’t Metric cool? I challenge you to do a similar calculation using Imperial without calculator or looking up ratios. 😋