Socialism is about worker control over the means of production and abolishment of class structures. Where did Trump do any of that?
Discussion
Perhaps you’re right there, it’s more pulling from fascism than socialism. And most definitely an authoritarian nationalism
Trump is still limited by institutions holding up for now (courts, legislature (meh), free press/speech) but pressured at every turn by the admin
I would say what trump did is best described by "state capitalism".
If this is a good or bad thing mainly depends on if democracy is still working and if the government uses it's power over this cooperations in favor of the people they represent.
In an actual functioning democracy the people as a whole would now hold a stake in Intel and be able to influence the companies decision in contrast to only private interest governing the company, which isn't a bad thing.
But it's still all capitalist, because capital calls the shots.
A true socialist conversion would be turning Intel into a society owned cooperative with one person one vote instead of voteing rights based on capital.