Intel

In the past, the federal government has taken stakes in American companies during wars or economic crises. But now the government's motivation has more to do with the race for AI chips and technology.

While free market conservatives and progressives said the Intel deal violates the basics of capitalism, Ohio's Republican U.S. senators are praising it.

The president's highly unusual announcement underscores the Trump administration's desire to take control over U.S. businesses.

State and local officials are reacting to Intel's announcement that the company was slowing construction on its $28 billion New Albany project in Licking County.

Mansfield, and other cities within commuting distance of the planned Licking County Intel plant, are preparing for growth after a long period of decline.

When Intel broke ground less than three years ago, the chipmaker said it could be online by 2025, but that goal for the Ohio semiconductor plants is again shifting.

When Intel released its latest quarterly earnings in August, CEO Pat Gelsinger said the tech giant would cut costs and broadly restructure following the gloomy quarter.

The state has already disbursed $600 million in onshoring grants to the tech giant for its central Ohio venture.

The White House started workforce hubs in Arizona, Ohio, Georgia, Pennsylvania and Maryland to help identify training programs.

Intel submitted an application for CHIPS funding, and more than a dozen members of Congress from Ohio are urging the government to select Intel as part of the program.