howard lutnick chips act

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Lutnick says Intel must give stake to government

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.

Reuters on MSN · 4d

Trump eyes US government stakes in other chip makers that received CHIPS Act funds, sources say

U.S. Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip manufacturers that receive CHIPS Act funding to build factories in the country, two sources said.

New York Post on MSN · 4d

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.

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 ...

3don MSN

Exclusive-Trump weighs using $2 billion in CHIPS Act funding for critical minerals, sources say

The Trump administration is considering a plan to reallocate at least $2 billion from the CHIPS Act to fund critical minerals ...

Just The News1d

Commerce Sec Howard Lutnick signals Intel deal has been completed: US 'now owns 10%' of company

Lutnick said the agreement is beneficial to both parties but no details on the arrangement have been released so far.

Trump Is Betting Big on Intel. Will the Chips Fall His Way?

The Trump administration is aiming to take an equity stake in Intel, according to US commerce secretary Howard Lutnick.

Trump eyes CHIPS Act funds for critical minerals, Lutnick set for bigger role

The Trump administration is weighing a controversial plan to reallocate at least $2 billion from the CHIPS Act to fund critical minerals projects, according to two sources familiar with the matter, ...

Devdiscourse3d

Trump Administration Eyes $2 Billion to Transform Critical Minerals Strategy

The Trump administration may shift $2 billion from the CHIPS Act to support critical minerals projects, enhancing Commerce ...

4don MSN

Chip Stocks Fall 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 ...

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