How US Government Stake in Intel Will Affect Tech Race With China

The federal government’s move to take a 10 percent stake—and become the largest shareholder—in chip company Intel in August raised some eyebrows among investors and observers. California-based Intel, once the leading manufacturer of microchips, has for years struggled to keep up with its competitors in an industry critical to ensuring the United States’ continued technological and military dominance. Tune in to China Watch, a podcast on Chinese politics, technology, and business. While the government’s ownership is passive, or nonvoting, it will still have some influence over the company. Some have suggested that the deal amounts to government meddling in the private sector or even signals that the nation is moving away from a free market to state capitalism....