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Lutnick says Intel must give stake to government

Along with Intel, the US government is exploring taking equity stakes in TSMC, Micron, and Samsung through CHIPS Act

Two sources familiar with the discussions told Reuters that US Commerce Secretary Howard Lutnick has floated the idea in connection with an ongoing plan to acquire

Reuters on MSN · 12h

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 and other chipmakers in exchange for grants under the CHIPS Act, which aims to spur factory-building in the U.

New York Post on MSN · 1d

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.

Slingshot News on MSN8h

'No One's Explained It To You': Trump Sec. Howard Lutnick Talks Down To Senator, Tries To Educate Him For Asking The 'Wrong' Questions In Hearing

During a budget hearing held by the Senate Appropriations Committee several weeks ago, Commerce Secretary Howard Lutnick ...

9hon 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 ...

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 ...

Opinion

Mediaite on MSN38mOpinion

Conservative Radio Host Slams Trump Admin For Wanting to Takeover Private Company

"This is a horrible precedent. This is socialism. All of you people were freaked out about Mamdani in New York City" ...

The Japan Times13h

Lutnick: Japan’s $550 billion will be directed by Trump

The U.S. commerce secretary said the funds promised by Tokyo in the course of tariff talks will be deployed to benefit the ...

13h

US commerce secretary says trade documents wanted by Japan are 'weeks away'

U.S. Commerce Secretary Howard Lutnick said in a CNBC interview on Tuesday that documents memorializing trade agreements with ...

1don MSN

Lutnick Signals Openness to Union Pacific-Norfolk Southern Deal

Commerce Secretary Howard Lutnick said he’d support consolidation as a means to make the US freight rail industry more ...

1hon MSN

New Chip Deals Are Starting to Look More Sticks Than Carrots. What That Means for Chipmakers

Though the Trump administration appears to have made inroads with embattled chipmaker Intel, Wall Street analysts suggested swaying others might require better terms. Wall Street could be starting to ...

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