Joe Lonsdale, Palantir cofounder, has criticized the U.S. government’s decision to acquire an equity stake in Intel, funded by the CHIPS Act. Lonsdale expressed concerns about cronyism, questioning the unusual move outside of a crisis. He argued that such government intervention blurs the lines between public policy and corporate favoritism, especially without clear national security benefits.
Govt’s Intel stake criticised: Palantir founder raises alarm, calls it ‘concerning’
