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President Trump just made a huge move to bring chip making back to America. The government is buying nearly 10 percent of Intel for almost 9 billion dollars. This deal puts American taxpayers in the driver’s seat of our most important technology company.
China has been trying to crush American chip makers for years. They want to control the computer chips that power everything from phones to fighter jets. Now Trump is fighting back by making sure Intel stays strong and stays American.
The deal gives America 433 million shares of Intel stock at just over 20 dollars per share. That’s actually cheaper than what Intel stock was trading for when the deal was announced. So taxpayers are getting a discount while helping secure our national defense.
Intel will use this money to build massive new factories right here in America. These plants will create thousands of good paying jobs for American workers. No more sending our most important technology overseas to be made by our enemies.
Some people worry about the government owning stock in private companies. But this is about national security, not socialism. When communist China threatens our chip supply, we have to fight back with everything we’ve got.
The investment comes with smart protections for taxpayers too. The government gets no control over how Intel runs its business day to day. But if Intel tries to sell off its American factories, the government can buy even more shares to stop them.
Intel admits that foreign governments might not like America taking control of chip making. Too bad for them. For too long we let other countries steal our technology and destroy our manufacturing.
This is what America First looks like in action. President Trump is using taxpayer money to create American jobs, strengthen our military, and show China we will not be pushed around anymore.
