Fool Me Once: Intel Took $8 Billion, Fired Workers, and Now Wants $10 Billion More
The White House plan to buy 10% stake of a private tech company to compete with China is corporate socialism dressed in stars and stripes.
On August 18, 2025, Bloomberg reported that the Trump White House is in talks to acquire a 10% non-voting equity stake in Intel, using up to $10 billion in public money. It’s being pitched as a bold move to reclaim American dominance in semiconductor manufacturing, a national security investment, a taxpayer bet on our own industrial future.
The announcem…
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