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.
Sanders spoke in support of the plan, saying that taxpayers should get a kickback from where their tax dollars are invested.
“If microchip companies make a profit from the generous grants they receive from the federal government, the taxpayers of America have a right to a reasonable return on that investment,” Sanders, an independent who caucuses with Democrats, said in a statement….
Sen. Sanders Backs Trump Admin Plan for Stake in Intel
