Trump’s Federal Stake in Intel Prompts GOP Complaints

With Intel, Trump Continues His Race To Violate Every Clause In The Constitution By Now Arriving At The Takings Clause

Trump's quest to stress-test every line in the Constitution continues apace, with his declaration that the government now owns 10% of Intel looking like nothing but a great, big, gigantic taking. Of course, it is also terrible policy. While there are sometimes compelling arguments that companies should be in public hands, like for utilities, where…

The U.S.-Intel Partnership Is Not Unprecedented And Could Help Bolster U.S. Fiscal Outlook

By Robert Romano President Donald Trump raised many eyebrows with his recent deal with Intel to accept on behalf of the U.S. a 10 percent equity stake in Intel, the publicly traded chip maker worth $108 billion. According to an Aug. 22 statement by Intel, the investment was worth about $8.9 billion and was funded using monies from the $280 billion CHIPS Act already passed by Congress: “Under terms of the agreement, the United States government w…

Donald Trump won't stop at Intel. Expect the US to buy stakes in other companies, too.

Donald Trump says he wants to do more deals like the one he just did with Intel, where the U.S. took a 10% stake in the chip-maker.MANDEL NGAN/AFP via Getty ImagesThe US is now the proud owner of 10% of Intel.Donald Trump probably won't stop there.You could make a national security argument for the Intel deal. But this looks like Trump doing something because he can.The United States of America now owns 10% of Intel. Is that a good idea?Lots of …

After U.S. takes stake in Intel, Trump pledges ‘many more’ deals | Honolulu Star-Advertiser

WASHINGTON >> Three days after the United States agreed to acquire a stake in the chipmaker Intel, President Donald Trump signaled Monday that he would pursue similar investments in other major companies, describing his new economic strategy as an attempt to “get as much as I can.”

An Intel stake is bad for shareholders

The NewsTrump’s move to take a 10% stake in Intel won’t be the last of its kind — and it has the potential to upend shareholder primacy in a big way. The government has shifted from privatizing public assets (sell the national parks!) to nationalizing private assets to fund Trump’s pet project: The stake is a “down payment on a sovereign wealth fund,” NEC director Kevin Hassett told CNBC yesterday.What would be in that fund? The White House also…

Trump’s federal stake in Intel prompts GOP complaints

President Trump’s announcement that the federal government would take a 10 percent stake in Intel, once the nation’s most successful chip manufacturer, has raised alarm bells with conservative Republicans, who see it as part of a bigger trend under Trump of the federal government asserting itself in corporate decisionmaking. Trump announced his agreement with Intel after he reached a separate deal earlier this month with two other U.S.-based chi…