News

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 ...

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 ...
Independent.ie on MSN2h

It’s not just Intel – Trump White House wants ‘piece of the action’ from all grant-aided chipmakers, says Howard Lutnick

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 ...
DatacenterDynamics19h

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 ...

Trump confirms US is seeking 10% stake in Intel. Bernie Sanders approves.

After the Trump administration confirmed a rumor that the US is planning to buy a 10 percent stake in Intel, US Senator ...
The Business Times1d

US seeks Intel stake without governance rights: Lutnick

WASHINGTON] Commerce Secretary Howard Lutnick confirmed discussions between the US and Intel for the government to take a ...

A tech bailout? Trump admin in talks about taking 10% stake in chipmaker Intel

An Intel deal would be one of the largest government interventions in private industry since the U.S. auto industry's bailout ...