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Trump takes 10% of Intel, as Washington becomes Chinatown


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So a GOP president demanding government ownership in a private company. No Dem president has ever done that. Trump also wants to tax innovation through a tax on patents.

This one's gonna be hard for the MAGAverse to explain away. Expect much noise about Biden, Hillary, Soros, The Laptop, the usual drivel.😁

 

WSJ: Trump takes 10% of Intel, as Washington becomes Chinatown on industrial policy.

https://archive.ph/6fbBC

 

"President Trump on Friday trumpeted that the U.S. government will take a 10% equity stake (worth about $8.9 billion) in Intel, the struggling maker of computer chips. The President made CEO Lip-Bu Tan an offer he couldn’t refuse. “He walked in wanting to keep his job, and he ended up giving us $10 billion for the United States,” Mr. Trump said of their meeting this month."

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