Government Equity Stake in Intel Through Chips Act Criticized as Policy Mistake
By
aspenmayer
9mo ago· 1 min readenOpinion
38/100
Stale
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Sat on the counter overnight. Well past its best.
Score38TypeopinionSentimentnegative
Summary
The article criticizes the Trump administration's decision to exchange Intel's Chips Act grants for equity in the company, arguing this approach is a mistake. The authors, who ran the Commerce Department's Chips program, contend that the bipartisan 2022 Chips and Science Act was designed to reverse domestic semiconductor manufacturing disinvestment, not raise revenue, and that government equity ownership wouldn't enhance national security.
Key quotes
· 5 pulledThe Trump administration and Intel announced Friday that the government will exchange Intel's Chips Act grants for equity in the company.
We ran the Commerce Department's Chips program and spent hundreds of hours with Intel and its customers. This approach is a mistake.
The bipartisan 2022 Chips and Science Act was designed to reverse decades of disinvestment in domestic semiconductor manufacturing.
The U.S. relies almost entirely on Taiwan for the advanced chips.
The Chips Act wasn't about raising revenue, and an equity share wouldn't enhance national security.
The Chips Act wasn’t about raising revenue, and an equity share wouldn’t enhance national security.
