US EditionGOP author of CHIPS Act says law did not intend government stake in Intel
Senator Todd Young argues the federal government’s 10% Intel stake, valued near $9 billion, exceeds the CHIPS Act’s original goal to boost semiconductor production.
- President Donald Trump announced a deal to acquire a 10% equity stake in chipmaker Intel under the Biden-era CHIPS Act in August 2025.
- Republican coauthor Sen. Todd Young said the law did not intend for government ownership and criticized the use of the act to take an equity stake in Intel.
- Intel stated the government will hold a passive stake without board representation, and Trump defended the move as beneficial for national and economic security.
- Trump expressed on Truth Social that he would frequently pursue similar agreements for the benefit of the United States and noted that having the country as a partner is advantageous for Intel.
- The deal converted over $11 billion in government funds awarded to Intel, signaling possible future transactions to expand the U.S. sovereign wealth fund concept.
5 Articles
5 Articles
Todd Young says Trump’s federal Intel stake violates the CHIPS Act he wrote
A Republican coauthor of the bipartisan law President Donald Trump used to authorize the federal government to acquire a 10% stake in tech giant Intel said Tuesday that the move violated the legislation’s original intent. Sen. Todd Young (R-IN) criticized…
GOP author of CHIPS Act says law did not intend government stake in Intel
Sen. Todd Young (Ind.), the Republican senator who drafted the legislation that became the foundation of the CHIPS and Science Act, said the law was never intended to let the federal government take a major stake in Intel or any other major company.
In a media interview, U.S. Treasury Secretary Benson said the federal government is not currently considering a stake in chipmaker Nvidia, believing it does not need financial support. However, he suggested the government could potentially invest in other sectors. Last week, the U.S. government announced a nearly 10% stake in Intel, another chipmaker.
Why the US government is not the savior Intel needs
The Trump administration made an unprecedented, and confusing, move last week when it announced plans to convert money Intel was supposed to receive through Joe Biden-era government grant programs into a 10% equity stake. While it remains unclear if converting those government grants into equity is … Source
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
