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Lutnick says Intel must give stake to government

New York Post on MSN · 1d

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.

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.

Yahoo Finance · 1d

Lutnick says U.S. wants Intel stake for chip grant funding

The move by the U.S. could open the door for similar deals with other chipmakers that received grants under the Chips Act

1don MSN

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 ...

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 ...

15hon 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 ...

5hon MSN

GOP senator: US stake in Intel would be ‘step toward socialism’

Sen. Rand Paul (Ky.), a libertarian-minded Republican, criticized the Trump administration’s push to acquire a stake in U.S.

More intel on that potential government Intel deal

Commerce Secretary Howard Lutnick has confirmed that the Trump administration is considering taking a stake in the struggling ...

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