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Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick confirmed on Tuesday that the US government is considering an extraordinary investment in struggling chipmaker Intel. But they ...
US commerce secretary Howard Lutnick is looking into the White House taking equity stakes in Intel and other chipmakers in exchange for grants under the Chips Act, which aims to spur factory-building ...
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.
Intel CEO Lip-Bu Tan is scheduled to visit the White House on Monday following President Donald Trump’s call last week for ...
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.