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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 ...

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 ...

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 ...

Trump administration says it wants ‘nonvoting’ stake in Intel

The Commerce secretary outlined a plan to blend the private and public sectors but denied it represents "state capitalism." ...

Sanders backs Trump plan to take stake in Intel

Sen. Bernie Sanders (I-Vt.) voiced support Wednesday for the Trump administration’s plan to potentially take a stake in Intel, suggesting it aligned with an earlier effort to secure returns from ...

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 ...