Morning Brew Daily US Takes 10% Stake in Intel & Olive Garden is Inflation-Proof
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Aug 25, 2025 The U.S. government is making waves by taking a 10% stake in Intel, sparking discussions about its influence on the semiconductor landscape. Jerome Powell's remarks on interest rates provide further context to the economic climate. Meanwhile, Olive Garden celebrates a triumphant return of endless pasta amidst inflation fears, showcasing effective pricing strategies. The tourism industry is thriving too, highlighting a post-pandemic bounce back. spannende developments in tech and consumer markets make for some lively conversation!
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Government Takes Equity To Protect Chips
- The U.S. converted nearly $9 billion in CHIPS Act grants into a 10% equity stake in Intel to boost national semiconductor capacity.
- Critics warn this government ownership risks politicizing business decisions and distorting competition.
Politics Could Drive Intel's Factory Decisions
- Intel's pivot to foundry work and its $20 billion Ohio plant risk continuing for political reasons after the government's stake.
- That creates potential inefficiency if investment decisions prioritize politics over customer demand.
Unusual Political Alignments Around The Deal
- Support and criticism for the deal cross ideological lines, with Bernie Sanders endorsing taxpayer returns while conservatives decry state intervention.
- The move echoes past bailouts where politics reshaped which firms got government backing.