Donald Trump is getting the US government into the computer chip business.
He announced on Friday that the federal government is acquiring a 10% stake in Intel, the Fortune 500 company that is one of the largest American manufacturers of semiconductors. And he hinted that the US might not be done adding to its stock portfolio.
“I will make deals like that for our country all day long,” he wrote on his social media website, Truth Social. “I will also help those companies that make such lucrative deals with the United States.”
Trump’s post was pushing back against criticism that has continued for days. He took aim at what he said were “stupid people” – a group that includes some on the political right.
“You can’t just be against socialism when the left does it,” said conservative radio host Erick Erickson. “So if you support socialism, apparently Donald Trump is your guy.”
Trump’s move is generating criticism such as this because it…
