Howard Lutnick Calls CHIPS Act a 'Giveaway to Rich Companies' Like Intel

Business

Howard Lutnick Calls Chips Act A 'Giveaway To Rich Companies' Like Intel

By Gizmodo

The U.S. government could get a 10% equity stake in Intel in exchange for more funds from the CHIPS Act, according to Commerce Secretary Howard Lutnick, who appeared on CNBC Tuesday. Lutnick was pressed about whether that would be a worse deal than w ...Read more