News Summary

• The Trump administration wants the United States to be the dominant force when it comes to artificial intelligence.
• One way the administration hopes to achieve primacy is by bringing semiconductor manufacturing back to the U.S. To help with that transition, President Donald Trump has introduced potential chip tariffs and policies in recent months.
• In late August, the government converted an existing government grant into a 10% equity stake in Intel.
• But will that actually help Intel?
• What will happen next is a bit unclear, though.