The question is, is equity stake from government into private enterprises conservative? Is it wise for the government to own a failing company, which equity, or money, are not the source of the problem to begin with? In other words, trying to prop up a failing company, doesn’t seem like a good money decision. There are are many moral implications of doing this.
State corporations exist in Western countries, and Western governments do focus stimulus on industry-wide sectors of the economy, and subsidize research of novel technologies, but that is different from owning a stake in a private company, and dictating what it should do. Donald Trump knows nothing about semiconductors, or computers. There is a reason why market economies are more efficient, because the bureaucrats back off knowing they have no expertise in anything. Donald Trump has the instincts of a dictator of a planned economy, in that he wants to force things, instead of conceding to reality. This is why planned economies are very inefficient or how planned regimes created famine, because they wanted to force the economy into something it is not.