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Trump’s Federal Stake in Intel Prompts GOP Complaints
The U.S. government acquired a 10% stake in Intel via an $8.9 billion investment from CHIPS Act funds, marking a shift towards government equity in strategic industries.
- President Donald Trump negotiated a deal for the U.S. government to acquire a 10% stake in Intel, valued at approximately $11 billion.
- The government will invest $8.9 billion in Intel stock, funded by prior grants from the CHIPS Act.
- Critics warn that Intel's decisions may be influenced by political considerations due to government ownership.
- Trump stated he will continue making similar deals for the country, highlighting bipartisan involvement in economic interventions.
31 Articles
31 Articles
Donald Trump won't stop at Intel. Expect the US to buy stakes in other companies, too.
Donald Trump says he wants to do more deals like the one he just did with Intel, where the U.S. took a 10% stake in the chip-maker.MANDEL NGAN/AFP via Getty ImagesThe US is now the proud owner of 10% of Intel.Donald Trump probably won't stop there.You could make a national security argument for the Intel deal. But this looks like Trump doing something because he can.The United States of America now owns 10% of Intel. Is that a good idea?Lots of …
Trump’s federal stake in Intel prompts GOP complaints
President Trump’s announcement that the federal government would take a 10 percent stake in Intel, once the nation’s most successful chip manufacturer, has raised alarm bells with conservative Republicans, who see it as part of a bigger trend under Trump of the federal government asserting itself in corporate decisionmaking. Trump announced his agreement with Intel after he reached a separate deal earlier this month with two other U.S.-based chi…
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