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Lutnick says Intel must give stake to government

U.S. seeks equity stake in Intel, Commerce Secretary Lutnick says

The U.S. government aims to take an equity stake in Intel, Commerce Secretary Howard Lutnick said Tuesday morning.“We should get an equity stake for our money, so we’ll deliver the money which was already committed under the Biden administration,

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.

Yahoo Finance · 1d

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

Intel, Trump and Sanders

The Hill on MSN · 1h

GOP senator: US stake in Intel would be ‘step toward socialism’

Sen. Rand Paul (Ky.), a libertarian-minded Republican, criticized the Trump administration’s push to acquire a stake in U.S. chipmaker Intel, suggesting the move would be a “step toward socialism.” “If socialism is government owning the means of production,

Reuters on MSN · 12m

US Senator Sanders favors Trump plan to take stake in Intel, others

Liberal U.S. Senator Bernie Sanders on Wednesday threw his support behind President Donald Trump's plan to convert U.S. grants to chipmakers, including $10.9 billion for Intel, into government stakes in the companies.

Ars Technica · 8h

Trump confirms US is seeking 10% stake in Intel. Bernie Sanders approves.

After the Trump administration confirmed a rumor that the US is planning to buy a 10 percent stake in Intel, US Senator Bernie Sanders (I-Vt.) came forward Wednesday to voice support for the highly unusual plan,

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 ...

11hon MSN

Nvidia And Intel Lead Tech Stock Drop 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 ...

Intel Stock Plunges Nearly 7% As It Seeks Billions More Post-SoftBank Deal While Trump Administration Considers Stake

Intel stock falls as the company seeks more investors after SoftBank deal and Trump administration considers equity stake.

SoftBank held talks with Intel on buying contract chipmaking business

SoftBank’s billionaire founder Masayoshi Son held talks with Intel’s chief executive about buying its faltering contract chipmaking business in the weeks before Monday’s announcement that the Japanese ...

1don MSN

Intel receives $2B investment from Japan's SoftBank

Intel is getting a $2 billion lifeline from Japan's SoftBank, the companies announced Monday after signing a definitive ...

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