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Lutnick: Intel Will Give Government Equity Stake in Exchange for CHIPS Act Funds

Commerce Secretary Howard Lutnick said on Tuesday that Intel must provide the U.S. government with an equity stake in the company in return for receiving funds from the CHIPS Act. Lutnick's comments during a CNBC interview shed more light on how the Trump Administration may take an ownership position in Intel, saying, "We should get an equity stake for our money." The post Lutnick: Intel Will Give Government Equity Stake in Exchange for CHIPS Act Funds appeared first on Breitbart.

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