U.S. investment in Intel a 'terrible decision bad for almost everyone' - Cato Institute

The Cato Institute criticized the U.S. government's $11.1B investment in Intel, calling it a "terrible decision bad for almost everyone." Scott Lincicome, a vice president at Cato, argued that the investment would politicize Intel's operations, harm U.S. tech leadership, and negatively impact the economy. He expressed concerns about competition, customer pressure, and potential risks for companies linked to national security. Lincicome suggested alternative support methods for Intel that do not involve government ownership. Despite the criticism, Intel's shares rose 5.5% following the investment announcement.