The underlying logic is flawed though, there is no deeper action plan since they will still have 0 control over the company and any of its bigger decisions. Als

The underlying logic is flawed though, there is no deeper action plan since they will still have 0 control over the company and any of its bigger decisions. Also nobody buys from Intel foundries, and for good reasons, this won't change any of that. We have already seen some pretty blatant insider trading moves from current government, so I wouldn't rule that one out. But its probably way more petty - chips and manufactured war with China is all the rage in media, we all still remember covid situation, so its an easy area to get some political points, while spending other's money. Most European government interventions, like French literally taking ownership of their common car manufacturers aren't considered any sort of success story to emulate after.