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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 promised under Biden.
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White House confirms talks to acquire 10% stake in Intel — 'We should get an equity stake for our money'

U.S Commerce Secretary Howard Lutnick has confirmed in an interview that the White House is in talks with Intel to acquire a 10% stake in the company. Lutnick confirmed this in a live interview with CNBC, saying that the government wants the grants given ...

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 pioneer Intel in an unusual deal that would deepen the Trump administration’s financial ties with major computer chip manufacturers and punctuate a dramatic about-face from the president’s recent push to oust the company’s CEO.

Intel CEO to visit White House after Trump called for his ouster over alleged China ties: report

Intel CEO Lip-Bu Tan is scheduled to visit the White House on Monday following President Donald Trump’s call last week for his ouster over ties to China, according to a new report.

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

Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.
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