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CHIPS, Trump and Equity Stake

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.

· 2d · on MSN

Trump eyes US government stakes in other chip makers that received CHIPS Act funds, sources say

· 1d

Taking Control of Semiconductors: Trump Targets Equity Stake in CHIPS-Funded Stocks

1don 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 ...

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 ...

TipRanks on MSN3h

Trump mulls reallocating $2B in CHIPS Act funding for minerals, Reuters says

The White House is mulling a plan to reallocate at least $2B from the CHIPS Act to fund critical minerals projects and increase Commerce Secretary ...

The Register on MSN1d

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 ...

1don MSN

New Chip Deals Are Starting to Look More Sticks Than Carrots. What That Means for Chipmakers

Key Takeaways Commerce Secretary Howard Lutnick said the Trump administration is exploring how the U.S. could receive equity stakes in semiconductor companies with CHIPS Act grants.Such deals could ...

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