howard lutnick chips act

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Intel, CHIPS and to Lutnick

Trump Admin To Turn Intel's CHIPS Act Grants Into Equity, Says Howard Lutnick: 'Why Are We Giving A Company Worth $100 Billion, This Kind of Money?'

Commerce Secretary Howard Lutnick said the Trump administration plans to convert federal funding pledged to Intel Corp. INTC under the CHIPS Act into an equity stake, arguing that taxpayers deserve a return instead of providing “giveaways to rich companies.

CNBC on MSN · 1d

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

The potential deal would convert the CHIPS ACT grants into equity, but wouldn't come with governance rights in Intel, Lutnick said.

Cryptopolitan on MSN · 4h

The US government is considering stake in other chip firms after Intel deal

The U.S. Commerce Department is weighing whether to take an equity stake in Intel and other chip companies in exchange for the CHIPS Act grants, according to

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 ...

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 ...

26son MSN

New Chip Deals Are Starting to Look More Sticks Than Carrots. What That Means for Chipmakers

Though the Trump administration appears to have made inroads with embattled chipmaker Intel, Wall Street analysts suggested swaying others might require better terms. Wall Street could be starting to ...

DatacenterDynamics8h

US gov’t explores equity stakes in Intel and others to receive CHIPS Act funds

US commerce secretary Howard Lutnick has said that Intel must give the US government an equity stake if the company wants to ...

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