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Lutnick says Intel must give stake to government

CNBC on MSN · 4d

Lutnick says Intel has to give government equity in return for CHIPS Act funds

The potential deal would convert the CHIPS ACT grants into equity, but wouldn't come with governance rights in Intel, Lutnick said.

Benzinga on MSN · 4d

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 under the CHIPS Act into an equity stake, arguing that taxpayers deserve a return instead of providing “giveaways to rich companies.

Yahoo Finance · 4d

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

4d

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 ...

Just The News1d

Commerce Sec Howard Lutnick signals Intel deal has been completed: US 'now owns 10%' of company

Lutnick said the agreement is beneficial to both parties but no details on the arrangement have been released so far.

4d

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 ...

3don 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 ...

4don MSN

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 Register on MSN3d

Uncle Sam eyes slice of Intel in return for CHIPS Act cash

Micron, TSMC, and more have also been awarded billions in subisidies The US government is considering taking a stake in Intel ...

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