Uncle Sam to become Intel’s biggest shareholder

The Trump administration announced that it is taking a 10 per cent stake in troubled chipmaker Intel. It’s another interventionist move by the White House in less than a year since US President Donald Trump returned to office. What does it mean that the federal government is getting more involved in the free market? The FT’s Richard Waters and the American Enterprise Institute’s Michael Strain discuss.  Mentioned in this podcast:US to take 10% stake in troubled chipmaker IntelWhy Intel investors have embraced an interventionist White HouseTrump’s Intel deal is a threat to US economic libertyEmail Marc with your questions ([email protected])Sign up for the FT’s Swamp Notes newsletter hereSwamp Notes is Hosted by Marc Filippino and produced by Henry Larson. Our show is mixed by Sam Giovinco. The FT’s acting co-head of audio is Topher Forhecz. Special thanks to Pierre Nicholson. CREDIT: Howard Lutnick on XRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.