Former Trump economic adviser Stephen Moore warned Monday that the Biden administration’s decision to take a 10% stake in Intel Corporation is a dangerous step toward government overreach. Appearing on Fox Business Network’s Varney & Co., Moore said the CHIPS Act represents “privatization in reverse” and called on President Biden to repeal all subsidies to the semiconductor industry.
President Donald Trump has shifted his position on Intel CEO Lip-Bu Tan, just days after demanding Tan step down over reported ties to Chinese companies. The reversal came following a White House meeting with Tan, Secretary of Commerce Howard Lutnick, and Secretary of the Treasury Scott Bessent.
On Friday’s broadcast of Fox News Channel’s Hannity, Sen. Tom Cotton (R-AR) called for the full release of intelligence documents related to allegations that the Obama administration helped manufacture the now-debunked Trump-Russia collusion narrative during the 2016 election.
