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.”
CNBC reports that Commerce Secretary Howard Lutnick stated in an interview this week that Intel must give the U.S. government an equity stake in the company in exchange for receiving funds from the CHIPS Act. The announcement came during Lutnick’s appearance on CNBC’s Squawk on the…
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