President Trump announced that the United States now fully owns and controls 10% of Intel, negotiated with CEO Lip-Bu Tan, with the government paying nothing and the shares valued at about $11 billion. Commerce Secretary Howard Lutnick framed the move as strengthening U.S. leadership in semiconductors, growing the economy, and securing America's technological edge. Economist Stephen Moore and commentator Larry Kudlow strongly condemned the government stake, calling it corporate welfare and privatization in reverse and arguing the government should divest assets rather than acquire them. The announcement sparked debate over government ownership in strategic industries and industrial policy.
It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars.
How about the U.S. Government owning 10% of Intel? I hate corporate welfare. That's privatization in reverse. We want the government to divest of assets, not buy assets. So terrible, one of the bad ideas that's come out of this White House, said Moore, who recently joined Donald Trump in the Oval Office to explain to reporters just how great Trump's economy is. I am very, very uncomfortable with that idea. I'm very uncomfortable with that one, but that's a conversation for another meal on another day.
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