Intel, Trump Administration
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Sen. Rand Paul and conservative commentator Erick Erickson expressed concerns about the Intel idea, the pair describing it as "socialism."
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.
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.
The back-to-back news items signal a public and private sector commitment to domestic semiconductor production and underscore Intel's importance.
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.”
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.
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.