Intel, White House
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21hon MSN
Nvidia And Intel Lead Tech Stock Drop As White House Reportedly Seeks Equity For CHIPS Grants
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.
Sen. Rand Paul and conservative commentator Erick Erickson expressed concerns about the Intel idea, the pair describing it as "socialism."
The White House unveiled details for its trade deal with the European Union (EU) on Thursday. The Trump administration said its EU counterparts have agreed to eliminate all tariffs on industrial goods imported from the U.
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.