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 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, but the government is claiming that it will be a passive investor that will vote alongside Intel’s interests.