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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 the CHIPS Act. But the legality of any equity stake would likely be challenged by both Intel shareholders and competitors in the industry, according to the Times.
15hon 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 ...
Administration isn’t eyeing equity in semiconductor companies that are increasing U.S. investment like TSMC and Micron, but ...
The Trump administration is weighing a controversial plan to reallocate at least $2 billion from the CHIPS Act to fund critical minerals projects, according to two sources familiar with the matter, ...
2don MSN
Trump eyes US government stakes in other chip makers that received CHIPS Act funds, sources say
U.S. Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip ...
Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money ...
The Trump administration may shift $2 billion from the CHIPS Act to support critical minerals projects, enhancing Commerce ...
The U.S. government is in talks to get a 10% equity stake in Intel.
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