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Lutnick says Intel must give stake to government

East Bay Times · 20h

US seeks Intel stake without governance rights, Lutnick says

Commerce Secretary Howard Lutnick confirmed discussions between the US and Intel Corp. for the government to take a stake in the chipmaker, casting the plan as a bid to convert Chips and Science

Bloomberg on MSN · 1d

Lutnick Confirms US Seeks Intel Stake, Says No Governance Rights

Commerce Secretary Howard Lutnick confirmed discussions between the US and Intel Corp. for the government to take a stake in the chipmaker, casting the plan as a bid to convert Chips and Science Act grants into equity.

New York Post on MSN · 17h

Commerce Secretary Lutnick says Intel needs to give government stake for CHIPS funding

Commerce Secretary Howard Lutnick on Tuesday confirmed that the government wants Intel to cough up a 10% equity stake in exchange for nearly $8 billion in CHIPS Act funding approved by the Biden administration.

Trump administration vying to own a big stake in Intel

The Associated Press on MSN · 1d

Trump administration vying to own a big stake in Intel after SoftBank's $2 billion bet on company

U.S. Commerce Secretary Howard Lutnick on Tuesday confirmed the U.S. government is vying for a 10% stake in Silicon Valley pioneer Intel in an unusual deal that would deepen the Trump administration’s

USA Today · 1d

A tech bailout? Trump admin in talks about taking 10% stake in chipmaker Intel

An Intel deal would be one of the largest government interventions in private industry since the U.S. auto industry's bailout under President Obama.

PCMag on MSN · 1d

Here's Why Trump Wants a Stake in Intel

US Commerce Secretary Howard Lutnick says Trump wants a 'good return' for American taxpayers. Subsidies under the CHIPS Act are 'just a giveaway to rich companies,' he argues.

4hon MSN

Nvidia And Intel Lead Tech Stock Drop As White House Reportedly Seeks Equity For CHIPS Grants

Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money ...

Al Jazeera on MSN33m

US Senator Bernie Sanders backs Trump plan for government stake in Intel

United States Senator Bernie Sanders has thrown his support behind US President Donald Trump’s plan to convert US grants to ...

1d

Howard Lutnick Calls CHIPS Act a ‘Giveaway to Rich Companies’ Like Intel

Lutnick just laughed it off, indignantly pointing out that “we were just giving away the money” under the previous terms of ...

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