""This is a common form of government financing," said Matt Bruenig, founder of the People's Policy Project, a left-wing think tank."
""Nordic countries have used state ownership to incentivize new production, in particular to fuel their green transition.""
A 10% U.S. government stake in Intel represents an uncommon level of peacetime government involvement in private enterprise for the United States. China routinely exerts influence over its semiconductor firms through a large federal fund and state-linked investors who occupy SMIC board seats and can steer company direction via shareholder votes. The Intel stake does not secure shareholder votes and therefore promises limited control. European governments often own or control parts of airlines, railways, telecoms, automakers and defense firms. Sovereign wealth funds in resource-rich countries also acquire large private-sector stakes internationally to advance strategic goals.
Read at The Washington Post
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