Sen. Sanders Backs Trump Admin Plan for Stake in Intel

Date:

August 22, 2025

The administration wants a profit from the $11 billion invested via grants from the CHIPS and Sciences Act.

Sen. Sanders Backs Trump Admin Plan for Stake in Intel — Sen. Bernie Sanders (I-Vt.) speaks during a hearing on Capitol Hill in Washington on May 14, 2025. Madalina Vasiliu/The Epoch Times

8/22/2025|Updated: 8/22/2025

Sen. Bernie Sanders (I-Vt.) offered support for the Trump administration’s plan to take an equity stake in chipmaker Intel.

The stake would be in exchange for the previous administration’s award to Intel of almost $11 billion in grants from the CHIPS and Sciences Act that was passed last year and meant to support U.S. semiconductor production.

Savannah Hulsey Pointer

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Savannah Pointer is a politics reporter for The Epoch Times. She can be reached at [email protected]

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