The administration wants a profit from the $11 billion invested via grants from the CHIPS and Sciences Act.
Sen. Bernie Sanders (I-Vt.) speaks during a hearing on Capitol Hill in Washington on May 14, 2025. Madalina Vasiliu/The Epoch Times
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Sen. Bernie Sanders (I-Vt.) offered support for the Trump administration’s plan to take an equity stake in chipmaker Intel.
The stake would be in exchange for the previous administration’s award to Intel of almost $11 billion in grants from the CHIPS and Sciences Act that was passed last year and meant to support U.S. semiconductor production.
Savannah Hulsey Pointer
Author
Savannah Pointer is a politics reporter for The Epoch Times. She can be reached at [email protected]
