President Donald Trump announced that the federal government purchased a 10% stake in Intel and claimed negotiation with CEO Lip-Bu Tan. The announcement stated the United States paid nothing for the shares, which are valued at roughly $11 billion, and described the purchase as beneficial for America and Intel. The statement emphasized the strategic importance of leading-edge semiconductors and chips for the nation’s future. The reaction from conservative commentators was largely negative, calling the move a precedent for government overreach, interference in markets, and warning it could reduce America’s competitiveness.
I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company, wrote Trump on Truth Social. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation.
The reaction from the Right was largely negative. MAGA thinks that the government forceably taking a stake in a private company is a good thing? Its a precedent that Democrats will use, and I guarantee you, will make America LESS competitive in the long run, declared National Review contributor Pradheep Shanker. Its a huge mistake. Frankly, I'd rather Intel goes bankrupt.
Preposterous move. If Obama had done this, so many of the people defending it would have correctly condemned it as overreach and interference and picking winners and losers,' concurred National Review senior editor Charles C.W. Cooke. Preposterous move. If Obama had done this, so many of the people defending it would have correctly condemned it as overreach and interference and picking winners and losers.
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