Critics Warn Against Trump's U.S. Chip Industry Investments
TL;DR Summary
The Trump administration's decision to acquire a 10% stake in Intel has faced criticism from conservatives and economists who argue it undermines free enterprise and risks politicizing business decisions, raising concerns about cronyism and the direction of U.S. industrial policy, despite the administration's goal to boost domestic chip production and technological competitiveness.
- Conservatives and economists warn Trump admin. against buying stakes in U.S. companies beyond Intel CBS News
- Intel says it received US grant; government says it is still working on deal Reuters
- ‘It sickens me to the core’: Newsom slams Trump's Intel deal Politico
- The New State Interventions The New York Times
- Trump Intel deal designed to block sale of chipmaking unit, CFO says Financial Times
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