The United States acquired a stake in Intel to secure domestic chip production and reduce reliance on China. The purchase represents the most significant government intervention in private business since the 2008 financial crisis. Supporters describe the move as an industrial policy that will protect jobs and strengthen national security. Critics warn that increased government stakes in private companies could shift the relationship between the state and business and raise questions about how much control a president should hold over corporate decisions. Separately, Bangladesh says it can no longer bear the cost of sheltering Rohingya refugees, and meat prices have reached all-time highs.
The US has taken a stake in Intel chipmaker as part of a push to secure domestic production and reduce reliance on China. The acquisition is the most significant intervention in private business since the 2008 financial crisis. Supporters call it a smart industrial policy that will protect jobs and national security. But critics warn that this could mark a shift in the relationship between government and private companies, raising concerns about how much control a president should have over business.
Donald Trump pledges more deals like Intel stake, worrying business community. The US has taken a stake in Intel chipmaker as part of a push to secure domestic production and reduce reliance on China. The acquisition is the most significant intervention in private business since the 2008 financial crisis. Supporters call it a smart industrial policy that will protect jobs and national security.
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