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Intel, Howard Lutnick and CHIPS

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.

Yahoo Finance · 20h

Lutnick says U.S. wants Intel stake for chip grant funding

The move by the U.S. could open the door for similar deals with other chipmakers that received grants under the Chips Act

DatacenterDynamics · 2h

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 receive its CHIPS and Science Act funding.

12hon MSN

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 ...

21h

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 ...

22m

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 ...

1hon MSN

Trump thinks owning a piece of Intel would be a good deal for the US. Here’s what to know

The Trump administration is in talks to secure a 10% stake in Intel in exchange for converting government grants that were ...

11h

US examines equity stake in chip makers for CHIPS Act cash grants, sources say

U.S. Commerce Secretary Howard Lutnick is looking into the government taking equity stakes in Intel as well as other chip ...

22hon MSN

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.

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