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What would a Democratic administration do with the government’s 10% share in Intel?
The party might hold on to the stake, but with conditions.
Donald Trump surprised many in August when he made the government the owner of 9.9% of the troubled U.S. chip maker Intel. The administration paid for the Intel equity using $8.9 billion of the Biden administration’s CHIPs and Science Act grant money that had already been earmarked for Intel. The new grant money comes on top of the $2.2 billion in CHIPS Act grants Intel already received, bringing the government’s total investment to $11.1 billion.
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