US EditionKudlow on Trump Intel agreement: ‘I am very, very uncomfortable ‘
3 Articles
3 Articles
Larry Kudlow Slams Trump Admin Nationalizing Part of Intel: ‘Very, Very Uncomfortable With That Idea’
Economist Stephen Moore joined Larry Kudlow’s Fox Business show on Friday, and the two both strongly condemned the Trump administration taking over 10% of chipmaker Intel, which was just announced. After a glowing discussion about Trump’s economy, Kudlow asked Moore, “How about the U.S. Government owning 10% of Intel?” “I hate corporate welfare. That’s privatization in reverse. We want the government to divest of assets, not buy assets. So terri…
The intervention of the White House in corporate affairs is a matter of question. The $10 billion package comes from the CHIPS Act. The federal support aims to revitalize the division of production of Intel chips. President Donald Trump announced Friday that the US government will have 10% of the Intel actions, as part of an agreement by which federal grants – about $10 billion, agreed on by the CHIPS Act – are becoming part of capital participa…
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