WASHINGTON >> Three days after the United States agreed to acquire a stake in the chipmaker Intel, President Donald Trump signaled Monday that he would pursue similar investments in other major companies, describing his new economic strategy as an attempt to “get as much as I can.”
Trump’s pledge underscored a significant and potentially risky shift in the relationship between government and private enterprise. With a particular focus on powerful computer chips, the White House expressed new fervor for nationalizing certain industries and technologies in ways that conservatives once may have found unfathomable.
The president’s strategy came into fuller view Friday, after the administration announced that it would take a 10% stake in Intel, a beleaguered technology giant once viewed as th