Conservative radio host Erick Erickson called the equity stake plan “terrible” and said it was “actual socialism happening by a Republican administration.”

President Donald Trump’s flirtation with the idea of the federal government acquiring a 10% stake in the United States computer design and manufacturing company Intel has rankled conservatives. The acquisition would represent one of the largest stakes in Intel,

Sen. Bernie Sanders (I-Vt.) voiced support Wednesday for the Trump administration’s plan to potentially take a stake in Intel, suggesting it aligned with an earlier effort to secure returns from CHIPS and Science Act investments.