Yes, I’m with you. This is a VERY BAD idea — it is industrial policy on steroids. It’s worse than the US Gov’t “investment” in Solyndra and many other such “investments.” It harms Intel’s competitors. It results in all companies hiring lots more K Street lobbyists to get them a seat at the table.
I’m very surprised Trump would do this.
The phrase “Rue the day” comes to mind.