US Secretary of Commerce Howard Lutnick said on Friday that the federal government will take a 10% stake in Intel.

They’ve agreed to do it and I think it’s a great deal for them,” Trump said at the White House, referring to Intel.

Lutnick said the agreement is beneficial to both parties but no details on the arrangement have been released so far.

President Trump said Friday that Intel has agreed to give the U.S. government a 10 percent stake in the company. “They’ve ...

“BIG NEWS: The United States of America now owns 10% of Intel, one of our great American technology companies. This historic ...

The Trump administration and Intel have reached an agreement for the U.S. government to own nearly 10 percent of the ...

US commerce secretary Howard Lutnick is looking into the White House taking equity stakes in Intel and other chipmakers in exchange for grants under the Chips Act, which aims to spur factory-building ...

President Donald Trump insisted on the stake in exchange for large grants committed when Joe Biden was president.

US commerce secretary Howard Lutnick has said that Intel must give the US government an equity stake if the company wants to ...

Lutnick just laughed it off, indignantly pointing out that “we were just giving away the money” under the previous terms of ...

The move by the U.S. could open the door for similar deals with other chipmakers that received grants under the Chips Act ...

Commerce Secretary Howard Lutnick on Tuesday confirmed that the government wants Intel to cough up a 10% equity stake in ...