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U.S. Commerce Secretary Howard Lutnick is considering the federal government taking equity stakes in chipmakers receiving ...
The Trump administration wants a return on money the struggling semiconductor maker gets under the Biden-era CHIPS Act.
The US government wants an equity stake in Intel in exchange for cash grants approved during the administration of former ...
Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick confirmed Tuesday that the Trump administration is ...
An Intel deal would be one of the largest government interventions in private industry since the U.S. auto industry's bailout under President Obama.
Treasury Secretary Scott Bessent told CNBC that the U.S. government could convert billions in grants to Intel, into an ownership stake.
Intel is getting a $2 billion lifeline from SoftBank and could get more from the Trump administration. But that might not be ...
President Trump's tariffs continue to affect global markets and the economy. Follow for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq ...
Scott Bessent, the U.S. Treasury Secretary, said today that any investment made by the U.S. government in Intel would be used to stabilize the chipmaker.
Treasury Secretary Scott Bessent said on Tuesday that while the White House wants to increase US-based production of semiconductors, it would not pressure companies to do business with Intel. "Yeah, ...
Such a move would represent one of the most significant government interventions in a U.S. company since 2008's rescue of the ...