Senator Rand Paul, R-Ky., Does a television interview in the Russell Senate of the Senate building on Tuesday, June 3, 2025.
Bill Clark | CQ-Roll Call, Inc. | Getty images
Wednesday, Senator Rand Paul (R-Ky.) Intelcalling for investment “a step towards socialism”.
Intel announced last month that the US government had made an investment of $ 8.9 billion in ordinary Intel shares, buying 433.3 million shares at a price of $ 20.47 per share, which gives it a 10% stake in the company. Intel noted that the price paid by the government was a discount at the current market price.
Rand said government property is “a bad idea”.
“It’s always a mistake to say:” Well, we have this bad policy, okay, we will tolerate a little socialism, but we don’t want anymore, “said Paul to” Squawk Box “from CNBC on Wednesday.” I think it’s a bad idea. “
President Donald Trump declared on Truth Social last month that the government’s participation in the flea manufacturer is a “big deal for America and, too, a lot for Intel”.
Trump has taken an increasingly heavy hand in the private sector, which raises concerns among conservative legislators like Paul, who has long opposed the great government. In August, the Trump administration said that the government would take 15% of some Nvidia and advanced sales of micro-appareil fleas in China. The Pentagon bought a participation of $ 400 million in MP materials of Rare-Earth Minor. He also took a “gold share” in US Steel as part of an agreement to allow Nippon Steel to buy the American industrial giant.
Among the most vocal supporters of the Intel proposal for Trump Congress, he was senator Bernie Sanders, the self -proclaimed democratic socialist of Vermont. Sanders, a longtime and vocal critic of Trump, told media last month that “taxpayers should not provide billions of dollars in corporate well-being to large profitable like Intel companies without obtaining anything in return”.
But Rand said it was not intelligent to involve the government on the free market.
“I fear that the free market movement, the movement which was a large part of the republican party, is decreased over time,” said Rand.
WATCH: Senator Rand Paul on the participation of the American government in Intel: it is a step towards socialism
