On Friday local time, U.S. Secretary of Commerce Gina Raimondo announced that the federal government has completed the acquisition of chip giant Intel’s equity acquisition, buying 10% of its shares. This move is seen as the Trump administration’s latest move to strengthen its control over companies in key U.S. industries, signaling a further tilt in U.S. industrial policy towards deep government involvement in the private sector.According to a press release issued by Intel, the U.S. government purchased 433.3 million common shares at a price of $20.47 per share, with a total investment of about $8.9 billion, which corresponds to exactly…