Taiwan's chip dominance has become America's biggest economic vulnerability
Why it matters: In closed-door briefings in Washington and Silicon Valley, national security officials have been blunt with executives from Apple, AMD, and Qualcomm: China is making plans to retake Taiwan, and even a blockade could choke off the island's chip exports and bring the US tech industry to its knees.
Trump strikes deal with Intel, converting $11.1 billion in CHIPS Act funds into equity
The big picture: Intel's efforts to climb out of its ongoing crisis with help from the US government could pave the way for unprecedented state intervention in the technology and manufacturing industries. The Trump administration is considering redirecting billions in CHIPS Act funds to reduce the country's reliance on imports.
The big picture: It's been nearly six months since Intel was chosen to receive a significant chunk of funding from the landmark Chips and Science Act, but the chipmaker has yet received a dime. Some close to the situation are now wondering when – or if – Intel will ever see the money.