Trump launches 'Manhattan Project' as one of America's largest companies set to be nationalized

FWIW

Trump launches 'Manhattan Project' as one of America's largest companies set to be nationalized​

The Trump administration has launched their own 'Manhattan Project,' as reports have suggested one of America's largest chipmakers could be partly nationalized.

Intel. Corp, one of the most capable semiconductor manufacturers in the US, has been in talks with the Trump administration as the US government is seeking a stake in the company.

'This feels like the Manhattan Project - or the run-up to World War II,' MIT AI computer scientist Dave Blundin said on a podcast with MIT engineer Peter Diamandis.

'It's every bit as important as the space race was, as the nuclear arms race was. Actually, it's more important.'

The consideration to nationalize the company, a move typically done in times of national urgency, comes as the US is looking to get ahead of China in the AI and tech arms race.

Intel's advanced abilities to manufacture semiconductors would allow the US to give up its reliance on foreign fabrication plants (fabs), especially in Taiwan which controls more than 60 percent of the market, in order to power artificial intelligence, defense and the economy.

More:

https://www.msn.com/en-us/money/com...-be-nationalized/ar-AA1KEaJp?ocid=socialshare

Intel needs a bailout. The CEO has big problems. Looks like no other chip company wants to buy them.

Taiwan Semiconductor is relocating to the US, Nvidia produces all the high end chips and AMD is making chips equivalent to Intel at lower prices.

Report: Trump Administration in Talks to Buy Stake in Intel to Produce High-Tech American Jobs​

The Trump administration is reportedly in discussions to buy a stake in beleaguered chipmaker Intel to help shore up the company’s delayed factory project in Ohio, according to people familiar with the plan.

Bloomberg reports that in a sign of the White House’s increasing willingness to intervene directly in key industries, the Trump administration is in talks with Intel about buying a stake in the struggling semiconductor giant. According to people familiar with the deliberations, the move aims to bolster Intel’s planned factory hub in Ohio, which has been repeatedly delayed.
more