President Trump’s announcement that the federal government would take a 10 percent stake in Intel, once the nation’s most successful chip manufacturer, has raised alarm bells with conservative Republicans, who see it as part of a bigger trend under Trump of the federal government asserting itself in corporate decisionmaking.

Trump announced his agreement with Intel after he reached a separate deal earlier this month with two other U.S.-based chipmakers, Nvidia and Advanced Micro Devices (AMD), that will see them pay the U.S. government 15 percent of their revenue from AI-chip sales to China.

Trump rankled members of his party in June when his administration agreed to Japan’s Nippon Steel acquisition of U.S. Steel in exchange for the U.S. government getting a “golden share” giving it broa

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