Retiring Sen. Thom Tillis ripped his colleagues for their silence: “You’re going to have to explain to me how this reconciles with true conservatism and true free-market capitalism."

President Donald Trump called the agreement "a great Deal for America" and said the building of advanced chips "is fundamental to the future of our Nation."

The White House announced a near-10 per cent stake in chipmaker Intel on Friday that converts government grants into an equity share.

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The government's stake in the computer chip maker is not without precedent, but it puts Trump at odds with some conservatives.

Retiring Sen. Thom Tillis ripped his colleagues for their silence: “You’re going to have to explain to me how this reconciles with true conservatism and true free-market…