WASHINGTON – Senate Select Committee on Intelligence Vice Chairman Mark R. Warner (D-VA), a co-author of the CHIPS and Science Act, released a statement after President Donald Trump announced that the U.S. government would take an equity stake in Intel in exchange for billions in federal funding from the CHIPS law:

“Semiconductors are a cornerstone of global competitiveness, and U.S. leadership is critical for both our economy and national security. Taking an equity stake in Intel may or may not be the right approach, but one thing is clear: allowing cutting-edge chips to flow to China without restraint will erode the value of any investment we make here at home. We need a strategy that protects American innovation, strengthens our workforce, and keeps the technologies of the future firmly in American hands.

“Additionally, given the administration’s recent approach to other high-profile technology transactions, Congress must apply thorough scrutiny for potential conflicts of interest or undue interference in private-sector decisions unrelated to national security.”

Warner has previously warned that the Trump administration’s decision to allow the sale of advanced AI chips to China could strengthen its military systems, including hypersonics, communications, surveillance, and battlefield decision-making, posing significant national security risks.

###