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Intel, Howard 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.

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

East Bay Times · 14h

US seeks Intel stake without governance rights, Lutnick says

Commerce Secretary Howard Lutnick confirmed discussions between the US and Intel Corp. for the government to take a stake in the chipmaker, casting the plan as a bid to convert Chips and Science

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 ...

7hon MSN

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 ...

Reuters7m

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 in Intel and other chipmakers in exchange for grants under the CHIPS ...

53mon 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 ...

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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