Donalds Criticizes CHIPS Act, Calls Government Investment a “Moral Hazard”

The Trump administration is eyeing a 10% stake in Intel, according to a Bloomberg report on Tuesday, in a deal that could see the U.S. government become the chipmaker’s largest stakeholder.

On Fox Business Network’s Kudlow Tuesday, Congressman Byron Donalds (R-FL) voiced strong opposition to the government taking this stake in Intel Corporation, calling the CHIPS Act a “terrible piece of legislation.”

During the interview, Donalds argued that government intervention in the private sector, such as the financial incentives provided by the CHIPS Act, creates a “moral hazard” where companies might become dependent on taxpayer bailouts.

He stated, “We’ve sunk a lot of money into these companies. We’re not getting i

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