Intel, Trump and equity stake
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8hon MSN
Former Rep. Hensarling: Trump admin's push for Intel stake sets 'a very, very dangerous precedent'
Former U.S. Senator Heidi Heitkamp (D-N.D.) and former U.S. Congressman Jeb Hensarling (R-Texas) join 'Squawk Box' to discuss the Trump administration's push for a stake in Intel, whether the move constitutes as industrial policy,
Sen. Rand Paul and conservative commentator Erick Erickson expressed concerns about the Intel idea, the pair describing it as "socialism."
The back-to-back news items signal a public and private sector commitment to domestic semiconductor production and underscore Intel's importance.
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.
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.
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.
From Intel to Nvidia, the Trump administration is rewriting the playbook on how the presidency interacts with American capitalism.
The ongoing US trade policy saga has revealed there are many ways for the administration to help a company's fortunes