Lutnick: Intel Will Give Government Equity Stake in Exchange for CHIPS Act Funds
Wednesday, 20 August 2025 () Commerce Secretary Howard Lutnick said on Tuesday that Intel must provide the U.S. government with an equity stake in the company in return for receiving funds from the CHIPS Act. Lutnick's comments during a CNBC interview shed more light on how the Trump Administration may take an ownership position in Intel, saying, "We should get an equity stake for our money."
U.S. Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip manufacturers that receive CHIPS Act funding... Upworthy
Vermont Sen. Bernie Sanders, a democratic socialist, surprisingly supports President Trump's plan to convert up to $10.9 billion in CHIPS Act grants for Intel... WebProNews Also reported by •24/7 Wall St.
Wednesday, 20 August 2025 ()
