Bernie Sanders Backs Trump’s CHIPS Act Equity Stake in Intel
Wednesday, 20 August 2025 () Vermont Sen. Bernie Sanders, a democratic socialist, surprisingly supports President Trump's plan to convert up to $10.9 billion in CHIPS Act grants for Intel into a 10% government equity stake, ensuring taxpayer benefits over corporate handouts. This bipartisan move could redefine U.S. industrial policy amid semiconductor challenges.
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Owning the Means of Production The Trump administration’s push for a 10% equity stake in Intel (NASDAQ:INTC), leveraging $10.9 billion in CHIPS Act grants —... 24/7 Wall St.
Commerce Secretary Howard Lutnick said on Tuesday that Intel must provide the U.S. government with an equity stake in the company in return for receiving funds... Breitbart