US Commerce Secretary Howard Lutnick says that Intel must give the government an equity stake in the company in return for CHIPS Act funds; INTC closed up 6.97%
Commerce Secretary Howard Lutnick said Tuesday that Intel must give the U.S. government an equity stake in the company in return for CHIPS Act funds.
CNBC
Related Coverage
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Discussion
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@semianalysis_
@semianalysis_
on x
BREAKING: Recent chip deals help President Trump upgrade his Oval Office rig [image]
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r/neoliberal
r
on reddit
Lutnick says Intel has to give government equity in return for CHIPS Act funds
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r/hardware
r
on reddit
CNBC: “Lutnick says Intel has to give government equity in return for CHIPS Act funds”
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r/technology
r
on reddit
Lutnick says Intel has to give government equity in return for CHIPS Act funds
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r/intelstock
r
on reddit
Lutnick says Intel has to give government equity in return for CHIPS Act funds
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@joleab
@joleab
on bluesky
And here I thought the GOP was hysterically against government owning any kind of business. You know, the party of private enterprise and free markets. We're in the upside down. [embedded post]
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@tonystark
Tony Stark
on bluesky
Remains wild to me that we've went from “the USG shouldn't pick winners and losers” to “the USG now has a direct financial interest in legacy firms.” [embedded post]
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@kekepana
Steve Craven
on bluesky
Uh, government ownership of the means of production? Where did I read about that? I think it may have been “Das Kapital” by a fellow called Karl Marx. I hadn't realized America had voted for communism.
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@bjmquinn
Brian JM Quinn
on bluesky
So 🍊🤡 is going back to firms that have ALREADY received grants under CHIPS and demanding shares. That's not state supported capitalism, that's “gangster capitalism.” — www.reuters.com/legal/govern...
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@chorzempamartin
Martin Chorzempa
on x
My god we are cooked as a reliable investment environment. Promise you a grant to come here, you invest billions, now USG decides to take a share of your company when there is nothing in the chips act allowing it. H/t @rwang07 https://www.reuters.com/...
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@reuters
@reuters
on x
US Commerce Secretary Howard Lutnick is looking into the government taking equity stakes in Intel as well as other chip companies in exchange for grants under the CHIPS Act that was meant to spur factory-building around the country, two sources said https://www.reuters.com/...
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r/AMD_Stock
r
on reddit
Trump eying equity stakes in other chip makers that received Chips Act Funds.