His policies are picking winners and losers — and blurring the lines between business and government.

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.

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

Critics warn that Trump's demands for business leaders to step down, and for the government to take a cut of sales, threaten American-style capitalism.

President Biden was in the battleground state of Arizona to make the biggest announcement yet in his plan to bring semiconductor manufacturing back to America.

Moore also made his famous observation, now known as Moore's Law, three years before he helped start Intel in 1968. It said the capacity and complexity of integrated circuits would double every year.