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Intel, Lutnick and CHIPS

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.

· 9h · on MSN

Lutnick Confirms US Seeks Intel Stake, Says No Governance Rights

· 5h

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

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 ...

US in talks for a 10% Intel stake, White House says

The White House on Tuesday said it was “ironing out the details” of a deal that would entail the US government taking a 10 ...

22mon MSN

What SoftBank, Government Investments Could Mean for Intel's Business—and Stock

Intel shares jumped on Tuesday as investors responded to signals the Trump administration may throw the company’s troubled ...

7hon 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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