NEC Director Hassett on the Intel Deal: More Are Coming 8/25/25
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State-Sponsored Capitalism and the CHIPS Act
This chapter analyzes the U.S. government's shift towards state-sponsored capitalism, particularly through its investment in Intel via the CHIPS Act. It explores the implications of acquiring equity stakes in key industries like AI and semiconductors, aiming for taxpayer returns while minimizing direct control over businesses. The discussion also weaves in historical contexts, trade negotiations, and the challenges faced by American manufacturers in a global market.
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