The stake is still worth far more than taxpayers paid, so calling this an $11 billion taxpayer loss is misleading. But the bigger issue is a president treating industrial policy like his personal trading account. America needs a semiconductor strategy, not a day trader with access to the Treasury.
The stake is still worth far more than taxpayers paid, so calling this an $11 billion taxpayer loss is misleading. But the bigger issue is a president treating industrial policy like his personal trading account. America needs a semiconductor strategy, not a day trader with access to the Treasury.
Not to mention that he basically was holding the money already promised to Intel from the chips act hostage until they bribed him with shares.