Intel, Trump Administration
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President Donald Trump’s flirtation with the idea of the federal government acquiring a 10% stake in the United States computer design and manufacturing company Intel has rankled conservatives. The acquisition would represent one of the largest stakes in Intel,
The Trump administration is in talks to secure a 10% stake in Intel in exchange for converting government grants that were pledged to Intel under President Joe Biden. If the deal is completed, the U.S.
Commerce Secretary Howard Lutnick is suggesting the U.S. government should take a 10% stake in Intel in exchange for federal support. Conservative radio host Erick Erickson sounded the alarm, calling it “actual socialism.” The Morning Joe panel reacted ...
The back-to-back news items signal a public and private sector commitment to domestic semiconductor production and underscore Intel's importance.
Tulsi Gabbard told President Trump before her nomination that she had come to peace with serving as last director of national intelligence if eliminating the post was necessary to permanently reforming the sprawling intelligence community.
Walter Isaacson, Tulane University professor and Perella Weinberg advisory partner, criticized the proposed U.S. government stake in Intel ( NASDAQ: INTC) as a concerning form of “state capitalism.”
Senior officials inside the White House are weighing a plan that would make the United States government the largest single shareholder in Intel (NASDAQ:INTC). This would convert billions of dollars in CHIPS Act grants into roughly a 10% stake.
If we’re going to give you the money, we want a piece of the action. Trump's rationale for taking stock in Intel (according to Commerce Secretary Lutnick) “You could invest it in U.S. Steel and some of the large corporations,” Altmeyer suggested.
A US government plan to take a stake in Intel Corp. would give the ailing chipmaker a powerful backer, even if a bigger challenge still lies ahead: finding enough paying customers.