"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?"
"The silence from the Silicon Valley's C-suite has not gone unnoticed. 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."
President Trump has extracted equity from Intel and imposed export taxes on Nvidia and AMD while threatening tariffs on Apple and imprisonment for Meta's CEO. Silicon Valley C-suite executives from Intel, Nvidia, AMD, Apple, Meta and Alphabet offered no public comment on these federal interventions. Industry leaders worry that government ownership of a firm would skew competition, advantaging state-owned companies and discouraging rivals. Concerns include politicized corporate decisions, pressure to favor government-aligned suppliers, and the undermining of shareholder and consumer interests. Observers describe these developments as a historic blurring of the boundary between market and state.
Read at www.mercurynews.com
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