Sen. Rand Paul and conservative commentator Erick Erickson expressed concerns about the Intel idea, the pair describing it as "socialism." ...

The back-to-back news items signal a public and private sector commitment to domestic semiconductor production and underscore Intel's importance.

Shares of Intel (INTC -6.89%) have soared more than 20% so far in August. The struggling chipmaker is still facing serious issues, with market share losses to AMD piling up and a ...