La., and Senate Majority Leader John Thune, R-S.D. remained quiet on President Donald Trump's Intel deal that gives the U.S. a 10% stake in the chipmaker through CHIPS Act funding.

In CEO Jensen Huang’s eyes, China presents a gigantic opportunity made murky by the US government’s stance on chip exports.

Lutnick has previously insisted that the government has no governance role at Intel and isn’t going to tell the company what to do. But Trump tells private companies and institutions what to do each and every day, trying to use his leverage to influence policies right down to who can be hired at universities and what they can teach.

Trump’s 10% Intel buy makes Uncle Sam the chip giant’s top shareholder, triggering right-wing cries of socialism as the GOP embraces a new, risky industrial policy.

The Trump administration is reportedly considering having the US government take a stake in Intel, a company that was once one of America’s most important tech giants but which has since fallen on hard times.

Lip-Bu Tan is set to meet with the president, who last week called for Tan’s removal.

The deal allows the U.S. to take more equity in Intel if the company doesn't retain at least 51% ownership in its foundry business.

President Donald Trump says it is in the nation’s best interest for the federal government to own a 10% stake in Intel, one of the country’s largest technology companies. The