Fox Economist Doubts Trump Deal
Fox Business host Larry Kudlow and economist Stephen Moore are raising red flags about President Trump’s bold decision to give the U.S. government a 10 percent stake in Intel, one of America’s largest semiconductor companies.
Kudlow and Moore Sound the Alarm
Kudlow, who served as Trump’s top economic adviser in his first term, didn’t mince words:
“I’m very, very uncomfortable with that idea.”
Moore was even tougher, blasting the deal as “terrible corporate welfare” that goes against conservative free-market principles. “Government should not own companies,” Moore warned.
Trump Defends Intel Deal as a Historic Win
President Trump, however, framed the move as a massive victory for U.S. taxpayers and the American chip industry. On Truth Social he declared:
“The United States paid nothing for these shares, now worth $11 BILLION. This is a great deal for America and for Intel. Cutting-edge chips are the future of our nation. MAKE AMERICA GREAT AGAIN!”
Turning Biden’s Handouts Into Investment
Commerce Secretary Howard Lutnick explained that the deal used funds already approved under Joe Biden’s CHIPS Act—but instead of Biden’s free giveaways, Trump turned it into a smart investment.
“Taxpayers get real equity and a return, instead of just throwing money away,” Lutnick said.
Intel CEO Thanks Trump for Backing U.S. Manufacturing
Intel CEO Lip-Bu Tan praised the agreement, promising to make America a global leader in semiconductors again:
“The most advanced silicon technology will be built right here in the USA.”
What This Means for America’s Future
This deal marks a dramatic shift in Trump’s relationship with Intel’s leadership. Just weeks ago, he called for Tan’s resignation. Now, after a White House meeting, Trump said he was convinced Intel could play a key role in reclaiming American chip dominance from rivals like Nvidia.
Key Takeaway:
- Critics call it “government meddling.”
- Trump calls it a “once-in-a-generation win for U.S. taxpayers and American industry.”
With China racing ahead in tech and Biden’s policies failing to deliver results, Trump’s Intel move may prove to be the shot in the arm America’s chip industry needs.
