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

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

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

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

The unusual deal would deepen the Trump administration’s financial ties with major computer chip manufacturers and punctuate ...

The Trump administration is aiming to take an equity stake in Intel, according to US commerce secretary Howard Lutnick.

Conservative radio host Erick Erickson called the equity stake plan “terrible” and said it was “actual socialism happening by ...

Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money ...