Intel, White House
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Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.
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White House investment in Intel aimed at reshoring supply chains
The White House is reviewing taking a 10% stake in chipmaker Intel, White House Press Secretary Karoline Leavitt explains the end goal of what would be the first of its kind move.
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.