Should the U.S. Government Own Shares of Private Companies?
In a highly unusual move, the Trump Administration announced the government will take a 10 percent equity stake in computer chipmaker Intel. The new arrangement makes the U.S. government the largest shareholder in Intel, a relationship many economists, policy experts and elected officials say is problematic, unnecessary and signals an overreach of presidential power. Earlier in August, fellow chipmakers Nvidia and Advanced Micro Devices agreed to pay the United States 15 percent of their revenue from selling chips in China. We talk about what those deals mean, the administration’s strategy…
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