"If Trump's federal government owns Intel, or any other company, what will it do to protect its investment? Will Trump threaten Apple to buy Intel's chips over Nvidia's or AMD's? For that matter, how can Nvidia or AMD, even if their technology is superior, compete against a company owned by the government? And what happens when Intel starts making decisions to appease its government masters not its shareholders, stakeholders and consumers?"
""It's striking to see that an administration that undermines the things that built this valley - like the national labs and R&D and overseas talent - isn't getting any pushback from tech. Like, none," said Russell Hancock, CEO of think tank Joint Venture Silicon Valley, who calls the government's recent "deals" and acquisition of equity a "historic blurring of previous lines between the market and the state.""
The federal government has extracted equity from Intel and imposed export taxes on Nvidia and AMD while threatening Apple and Meta, raising urgent concerns about presidential leverage over private tech firms. Major Silicon Valley CEOs have offered no public response, creating alarm about the lack of pushback. Observers warn that government ownership or intervention could distort competition, reward political priorities over shareholders and consumers, and prompt companies to make decisions to appease political masters. Some call this a historic blurring of market and state, and legislators suggest business leaders remain quiet under pressure and intimidation.
Read at The Mercury News
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