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Lutnick says Intel must give stake to government

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 · 2d

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 · 2d

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

China, NVIDIA and Howard Lutnick

New York Post on MSN · 16h

Howard Lutnick’s ‘insulting’ remarks about Nvidia’s H20 chips irk China: report

Chinese officials are peeved over Commerce Secretary Howard Lutnick's "insulting" remarks about Nvidia's H20 computer chip -- and are now pressuring domestic firms not to buy it, according to a report Thursday.

Engadget on MSN · 1d

China reportedly discouraged purchase of NVIDIA AI chips due to 'insulting' Lutnick statements

Chinese regulators reportedly dissuaded local companies from purchasing NVIDIA's H20 chips, because they found certain statements by US commerce secretary Howard Lutnick "insulting." According to the Financial Times,

The Financial Times · 1d

China turns against Nvidia’s AI chip after ‘insulting’ Howard Lutnick remarks

Beijing’s move to restrict sales of Nvidia’s China-specific artificial intelligence processor was prompted by remarks from US commerce secretary Howard Lutnick about chip exports that officials found “insulting”.

2don 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 ...

15h

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

The unusual deal would deepen the Trump administration’s financial ties with major computer chip manufacturers and punctuate ...

19hon MSN

Exclusive: Trump weighs using $2 billion in CHIPS Act funding for critical minerals, sources say

The Trump administration is considering a plan to reallocate at least $2 billion from the CHIPS Act to fund critical minerals ...

Mediaite on MSN17h

‘This is Socialism!’ Conservative Radio Host Slams Trump Admin For Wanting Stake In Private Company

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

2don MSN

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 ...

13hon MSN

Trump administration is not eyeing equity in TSMC, Micron, official says

The Trump administration is considering taking equity stakes in companies getting funds from the 2022 CHIPS Act but has no ...

Slingshot News on MSN2d

'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 ...

1don MSN

'Tariffs should be one of America's favorite words': US Commerce Secy on $20T EU market opening

"The EU has agreed to open its $20 Trillion market. The second largest in the world behind the great USA," Howard Lutnick ...

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