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Lutnick says Intel must give stake to government

· 4d · on MSN

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. Lutnick said the the stake would be a return on its “investment” in the struggling chipmaker.

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The News International · 20h

US government acquires 10% stake in Intel in landmark CHIPS Act deal

· 4d · on MSN

Lutnick says Intel has to give government equity in return for CHIPS Act funds

2d

Trump Is Betting Big on Intel. Will the Chips Fall His Way?

The Trump administration is aiming to take an equity stake in Intel, according to US commerce secretary Howard Lutnick.

3don MSN

Chip Stocks Fall 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 ...

4d

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 ...

2don MSN

Trump weighs using $2 billion in CHIPS Act funding for critical minerals, sources say

The Trump administration is considering a plan to reallocate at least $2 billion from the CHIPS Act to fund critical minerals ...

Trump Administration Eyes $2 Billion to Transform Critical Minerals Strategy

The Trump administration may shift $2 billion from the CHIPS Act to support critical minerals projects, enhancing Commerce ...

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