Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. (Alex Wroblewski/Bloomberg/Getty Images)
One of those competitors, SkyWater Technology, a Minnesota-based semiconductor foundry with deep ties to the defense sector, welcomed the precedent while underscoring its all-American footprint.
"We view equity stakes as an important tool to ensure accountability when taxpayer dollars support companies whose global structures raise questions about long-term U.S. benefit," Ross Miller, SVP of Commercial and A&D Business, told Fox News Digital.
He contrasted that with SkyWater’s position as a fully domestic manufacturer: "SkyWater is different — we are U.S.-headquartered and U.S.-operated, with no foreign ownership or entanglements."
"Every dollar invested here directly strengthens America’s infrastructure, workforce, and independence," Miller added.
TRUMP ADMIN WEIGHING EQUITY STAKES IN US DEFENSE FIRMS, LUTNICK SAYS
Looking ahead, he said SkyWater hopes to deepen collaboration with the Trump administration to expand domestic capacity in foundational chip technologies — the tried-and-true manufacturing methods that still power reliable systems in airplanes, automobiles, defense, biomedical equipment and even quantum computing.
Workers in the building 51 fab clean room area at Micron Technology Inc. headquarters in Boise, Idaho, on Monday, June 10, 2024. (Kyle Green/Bloomberg/Getty Images)
On Monday, Trump suggested this was just the beginning. "I hope I'm going to have many more cases like it," he told reporters at the White House, hinting that his administration could pursue similar deals in other sectors.
But not everyone sees the move as positive.
"This is bad policy and the most glaring example to date of the administration’s tilt towards socialism. It’s an unprecedented move, so I’m hesitant to make any predictions," explained Jai Kedia, a research fellow at the Cato Institute's Center for Monetary and Financial Alternatives.
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Kedia also warned the policy could display "favoritism towards large firms that can negotiate deals with the executive at the expense of small and mid-size firms that do not have the political clout to arrange such deals."
Amanda covers the intersection of business and geopolitics for Fox News Digital.
https://www.foxnews.com/politics/intel-rival-skywater-pitches-itself-all-american-trump-mulls-more-equity-deals