Trump confirms US is seeking 10% stake in Intel. Bernie Sanders approves.

The news article discusses a surprising development in the ongoing saga of the CHIPS Act, a legislation aimed at boosting the US semiconductor industry. Contrary to his previous stance, President Trump has now confirmed that the US government is seeking a 10% stake in Intel, the tech giant. This move represents a reversal of Trump's initial plan to kill the CHIPS Act altogether. Instead, he has found a way to potentially salvage the legislation by directly investing in a major player in the semiconductor industry. Interestingly, the article also notes that Senator Bernie Sanders, a vocal critic of Trump's policies, has expressed approval for this shift in approach. This bipartisan support suggests a recognition of the strategic importance of strengthening the US's semiconductor capabilities. The article highlights the fluid nature of the political landscape and the willingness of both parties to explore alternative solutions when it comes to critical issues like technological competitiveness and national security.