Former Vice President Mike Pence expressed concerns about the US government taking an equity stake in Intel Corp. and a cut of Nvidia Corp.’s AI chip sales to China.

Walter Isaacson, Tulane University professor and Perella Weinberg advisory partner, criticized the proposed U.S. government stake in Intel ( NASDAQ: INTC) as a concerning form of “state capitalism.”

"This is a horrible precedent. This is socialism. All of you people were freaked out about Mamdani in New York City"

The Trump administration is in talks with Intel Corp. to have the US government take a stake in the beleaguered chipmaker, according to people familiar with the plan, in the latest sign of the White House’s willingness to blur the lines between state and industry.

Conservative radio host Erick Erickson called the equity stake plan “terrible” and said it was “actual socialism happening by a Republican administration.”

Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.

U.S. considers Intel stake for onshore chip production amid national security concerns; Nvidia & AMD face export licensing rules.

The White House is considering taking a 10% stake in chipmaker Intel per reports as talks with the company and Trump's team advance.