News

Trump administration vying to own a big stake in Intel after SoftBank's $2 billion bet on company

U.S. Commerce Secretary Howard Lutnick on Tuesday confirmed the U.S. government is vying for a 10% stake in Silicon Valley ...

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 ...

Trump administration says it wants ‘nonvoting’ stake in Intel

The Commerce secretary outlined a plan to blend the private and public sectors but denied it represents "state capitalism." ...

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 ...

Intel Stock Plunges Nearly 7% As It Seeks Billions More Post-SoftBank Deal While Trump Administration Considers Stake

Intel stock falls as the company seeks more investors after SoftBank deal and Trump administration considers equity stake.

Bessent says the US wouldn't use a rumored stake in Intel 'to drum up business'

If it were to happen, Treasury Secretary Scott Bessent said the US wouldn't pressure companies to buy Intel chips. A possible deal would be for the US to exchange $10.9 billion in grants for a stake.