Trump administration confirms it’s seeking a stake in Intel
Headline from ABC 12 Flint
Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick confirmed on Tuesday that the U.S. government is considering an extraordinary investment in struggling chipmaker Intel.
ABC 12 Flint's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The U.S. government aims to take an equity stake in Intel, Commerce Secretary Howard Lutnick said Tuesday morning.“We should get an equity stake for our money, so we’ll deliver the money which was already committed under the Biden administration,” Lutnick told CNBC.
Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick confirmed on Tuesday that the U.S. government is considering an extraordinary investment in struggling chipmaker Intel.
Commerce Secretary Howard Lutnick on Tuesday said Intel needs to give the US government an equity stake if it still wants to receive its nearly $8 billion in CHIPS Act funding.
U.S. Commerce Secretary Howard Lutnick on Tuesday confirmed the U.S. government is vying for a 10% stake Intel in an unusual deal that would deepen the Trump administration’s financial ties with major computer chip manufacturers.
By Lisa Eadicicco, CNN New York (CNN) — Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick confirmed on Tuesday that the US government is considering an extraordinary investment in struggling chipmaker Intel.
Trump administration confirms it’s seeking a stake in Intel | Since Then
