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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.
Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money ...
14hon 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 ...
Commerce Secretary Howard Lutnick said the Trump administration plans to convert federal funding pledged to Intel Corp. INTC ...
The Trump administration is weighing equity stakes in some companies receiving CHIPS Act funding but does not plan to seek ...
The Trump administration may shift $2 billion from the CHIPS Act to support critical minerals projects, enhancing Commerce ...
Administration isn’t eyeing equity in semiconductor companies that are increasing U.S. investment like TSMC and Micron, but ...
The U.S. government is in talks to get a 10% equity stake in Intel.
U.S. Commerce Secretary Howard Lutnick is considering the federal government taking equity stakes in chipmakers receiving ...
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