Intel, White House
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Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.
President Donald Trump is reportedly set to meet with Intel CEO Lip-Bu Tan at the White House on Monday, days after he demanded the executive’s resignation for his business ties to China. The two may potentially discuss how the federal government and Intel can work together,
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.
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