Bernie Sanders favors Trump’s plan to take stake in Intel

U.S. Trade Representative Greer testifies on President Trump’s trade policy, on Capitol Hill

WASHINGTON (Reuters) -Liberal U.S. Senator Bernie Sanders on Wednesday threw his support behind Republican President Donald Trump’s plan to convert up to $10.9 billion in U.S. grants for Intel into a government stake in the company. 

“If microchip companies make a profit from the generous grants they receive from the federal government, the taxpayers of America have a right to a reasonable return on that investment,” Sanders, an Independent who caucuses with Democrats, said in a statement to Reuters. 

(Reporting by Alexandra Alper)