The Trump administration’s move to acquire a 10% stake in Intel has drawn fire from some free-market conservatives, who say the government should not be so involved in private companies.
In a historic move, the struggling chipmaker agreed to give the U.S. government a 10% equity stake in the company last week. White House officials have indicated that more deals could be coming.
Trump and the White House argue that the move is smart for national security and global competitiveness. But rank-and-file Republicans and free-market evangelists have long been averse to the federal government intervening in corporate affairs, and some Republicans have spoken out against the move.
Sen. Rand Paul (R-KY), one of the most libertarian-leaning members of Congress, hinted that the Intel stake acquisition was a
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