Former Republican presidential candidate Nikki Haley condemned the Trump administration’s decision to take a 10 percent stake in Intel.  “Biden was wrong to subsidize the private sector with the

Sanders, an Independent Senator from Vermont who caucuses with the Democrats, told Reuters on Wednesday that he’s in favor of the Trump administration’s plan to convert federal grants for tech companies like Intel and TSMC into equity stakes in those companies.

The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have gone for a wild ride since President Trump took office. With Trump's blessing, Commerce Secretary Howard Lutnick is tinkering with the idea of converting CHIPS Act grants into equity in some of Wall Street's leading semiconductor companies.

Trump has a newfound taste for state involvement in the private sector. It’s a palette Sanders has long enjoyed.

WASHINGTON (Reuters) -Liberal U.S. Senator Bernie Sanders on Wednesday threw his support behind Republican President Donald Trump's plan to convert up to $10.9 billion in U.S. grants for Intel into a government stake in the company.