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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 ...

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 ...

Intel in talks with large investors for equity boost at discount, CNBC reports

This also follows Reuters report U.S. Commerce Secretary Howard Lutnick is looking into the government taking equity stakes ...
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Trump administration weighs 10% acquisition of Intel in exchange for CHIPS funding

Hoping to bolster Intel’s $28 billion project in central Ohio, President Donald Trump’s administration is considering ...

Trump administration says it wants ‘nonvoting’ stake in Intel

The Commerce secretary outlined a plan to blend the private and public sectors but denied it represents "state capitalism." ...

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 ...

Bessent says the US wouldn't use a rumored stake in Intel 'to drum up business'

If it were to happen, Treasury Secretary Scott Bessent said the US wouldn't pressure companies to buy Intel chips. A possible deal would be for the US to exchange $10.9 billion in grants for a stake.