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Intel, Lutnick and US

Bloomberg on MSN · 15h

Lutnick Confirms US Seeks Intel Stake, Says No Governance Rights

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 Act grants into equity.

New York Post on MSN · 8h

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.

The Mercury News · 13h

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

11h

Irked Trump official gets in fiery clash over looming deal: ‘Stop that stuff!’

“We’d like an American to be doing that, so Donald Trump says, ‘Hey, look. Let’s turn the money that Biden was just going to ...

11h

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 ...

24m

US mulls equity stakes in Micron, Samsung, TSMC after Intel deal talks

The US government is considering taking equity stakes in companies, including Micron, Samsung, and Taiwan Semiconductor ...

13hon 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 ...

3h

US Commerce Secretary Says Trade Documents Wanted by Japan Are 'Weeks Away'

TOKYO (Reuters) -U.S. Commerce Secretary Howard Lutnick said in a CNBC interview on Tuesday that documents memorializing ...

Courthouse News Service8h

White House backs ‘creative’ gambit to secure government stake in Intel

Commerce Secretary Howard Lutnick said Tuesday that the government is seeking an equity stake in the chipmaker in return for ...

Trump administration vying to own a big stake in Intel after SoftBank’s $2 billion bet on company

U.S. Commerce Secretary Howard Lutnick on Tuesday confirmed the U.S. government is vying for a 10% stake in Silicon Valley ...

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