Government Intel intervention is 'essential' for national security, tech analyst says
"We're all capitalists," Luria, head of technology research at D.A. Davidson, said in an interview with CNBC's "Squawk Box." "We don't want government to intervene and own private enterprise, but this is national security."
Bloomberg reported Thursday that the Trump administration is considering having the U.S. government take a stake in Intel. The news sent Intel shares higher, and the stock climbed again Friday.
Intel previously declined to comment on the report.
Luria said such a deal is needed to revive Intel and reduce the country's reliance on companies like Samsung and Taiwan Semiconductor to manufacture chips. President Donald Trump has called for more chips and high-end technology to be made in the U.S.
How the White House could structure such an intervention is still in question. Bloomberg reported Friday that the administration has discussed using funds from the CHIPS Act.
"Intel has had many opportunities over decades to get it right, and it hasn't. So we need to intervene," Luria said. "The government's going to come in and it's going to give Intel unfair advantages, and if it's going to do that, it wants a piece of the business."
Intel CEO Lip-Bu Tan met with Trump at the White House on Monday after the president called for his resignation based on allegations that he has ties to China.
Luria pointed to OpenAI CEO Sam Altman and Meta CEO Mark Zuckerberg's comments that the rise of superintelligent AI could be "the next wave of nuclear proliferation," as evidence that direct intervention by the government is needed.
"We can't rely on somebody else making shell casings for our nuclear arsenal," Luria said. "We have to get it right."
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