Former Republican Presidential candidate Nikki Haley condemns the decision of Trump administration Take 10 percent stake In Intel.
Haley, who was the Ambassador to the United Nations during the first term of President Trump, is not his part of Intel, “Biden was wrong to subsidize the private sector with the Chips Act using our tax dollar. Said In Saturday’s post on social platform X. “This will only lead to more government subsidy and low productivity. Intel will become a test case that does not have to do.”
The President confirmed the deal between the US government and the mega chipmaker on Friday, wrote that the US “did not give anything for these shares, and the shares are now about 11 billion dollars.”
Trump wrote in a post on Truth Social, “This is a great deal for the US and, a great deal for Intel. The creation of leading edge semiconductor and chips, which Intel does, is fundamental for the future of our nation.”
The hill has reached the White House for comment.
Earlier this month, President called To resign for the company’s CEO Lip-II, Wrote Intel to Tom Cotton (R-Arch) soon after Tan’s concerns with TAN’s relations for China.
Earlier this week, Commerce Secretary Howard Lutnik indicated that the reason for the reason for the deal with Intel is to transfer some chip construction to the US.
“We can’t rely on Taiwan, which is 9,500 miles away from us and is only 80 miles from China. Therefore, you may not have 99 percent of the leading-dinner chips made in Taiwan. We want to make them here,” Lutnik said on CNBC’s “squalk box”.
“One of those pieces is that it would be cute to be able to make Intel the US node or US transistor, which driving in the US,” said Lutnik.
Sen. Criticized Attempt to secure a 10-percent stake in Intel as “terrible ideas” and “steps towards socialism”.
The administration has received support from self-known Democratic Socialist Sen Berney Sanders (I-VT).
Sanders said in a statement on Friday, “Taxpayers should not provide billions of dollars in corporate welfare, in return to big, profitable corporations like Intel, profitable corporations,” Sanders said in a statement on Friday.
“If microchip companies make profit from liberal grants received from the federal government, then US taxpayers have the right to return that investment,” Vermont Senator couple,
