Bloomberg Tech Trump Eyes Chips Act Funds for Intel Stake
5 snips
Aug 15, 2025 
Brett Taylor, CEO of Sierra AI and Chairman of OpenAI, shares insights on the evolving role of artificial intelligence in software and corporate restructuring. The discussion highlights the Trump administration's interest in using CHIPS Act funds to invest in Intel amidst rising trade tensions with China. Taylor also examines the challenges facing the semiconductor industry and the importance of domestic manufacturing. Additionally, the impact of AI on tech innovations and investor dynamics is explored, showcasing how AI is transforming the landscape.
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Chips Act Could Buy Strategic Control
- The White House is exploring using CHIPS Act funds to take an equity stake in Intel as a national security move.
- Officials view domestic chipmaking as central to competing with China and safeguarding supply chains.
Intel Faces Tech And Demand Double Bind
- Intel's core problems are technological execution at leading nodes and a lack of external customers.
- Fixing one without the other will likely leave Intel unable to regain lost foundry business from TSMC.
Push Capacity Then Court Customers
- Use targeted incentives and capacity to persuade customers to shift orders to domestic fabs.
- Accelerate U.S. builds first, then court big customers with the promise of reliable domestic production.