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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 ...
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 said the White House wouldn't try to flex its power with a stake in Intel.
Jefferies Asia’s Atul Goyal argues SoftBank’s tiny Intel stake limits exposure, while potential U.S. government backing could ...