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.