Senator Bernie Sanders Supports Trump Plan to Convert Intel's CHIPS Act Award into Government Stake Amid Criticism

US Senator Bernie Sanders has expressed support for the Trump administration's plan to convert Intel's award under the CHIPS Act into a government-held equity stake. The proposal involves the federal government taking ownership interest in Intel as part of the semiconductor industry support initiative. While Sanders welcomes the plan, it has drawn criticism from some conservative commentators who oppose government takeover of private companies. The Trump administration aims to strengthen domestic semiconductor manufacturing through this approach, which includes direct investment in key industry players like Intel.