It wasn't just Intel. This is the true definition of fascism from google AI .
"Yes, a core tenet of fascist economics, or corporatism, is the deliberate blending and merger of government and business power to serve the national interest, which Mussolini famously described as a "merger of state and corporate power". While private profit and individual initiative were supported, their autonomy was eliminated, with the state directing and coordinating labor and capital through organizations like state-controlled corporations and councils.
Companies forced to hand over a stake:
Intel: In August 2025, the government announced it had secured a nearly 10% equity stake in the semiconductor company. The deal converted $11.1 billion in previously authorized federal subsidies from the CHIPS Act and the Department of Defense into government ownership.
U.S. Steel: The government obtained a "golden share" in this company as a condition for approving its sale to Japan's Nippon Steel. This provides the government with significant control over its operations.
MP Materials: The Defense Department purchased a stake in this rare-earth mining company in August 2025. The transaction was valued at $400 million, making the government a major shareholder.
Companies facing government leverage
The Trump administration has also used other tactics to exert control over major companies:
Nvidia and Advanced Micro Devices (AMD): To obtain export licenses for selling AI-enabling chips in China, these companies were required to pay a 15% commission on their China-derived revenue.
Lockheed Martin: Commerce Secretary Howard Lutnick suggested that the administration was considering taking an equity stake in defense contractors like Lockheed Martin, describing such companies as "basically an arm of the U.S. government".
Market Data 
Markets 
AI
