The U.S. government is pursuing IntelThe U.S. Commerce Secretary said Tuesday it confirmed the discussion report between officials and officials who have been scattered most of the time.
The Trump administration wants to convert funds from the Bargaining Chips and Science Act to fund research and manufacturing of U.S. semiconductor chips to struggle technology Company, according to Howard Lutnick.
Intel was once a leader in producing computer processors, but is now seen as a lagging behind such as Nvidia, becoming the first listed company in history last month Scaling $4TN’s valuation After the stratosphere stock market rises.
Lutnick criticized the structure of the Bargaining Chip Act, which was signed into law in 2022 under Joe Biden.
“Why should we give a $100 billion company? What money does American taxpayers have? What is the answer? Donald Trump He told CNBC Financial News Network that we should be equity for our funds. So we will deliver the money that has been realized under the Biden administration and we will get the return on the stock. ”
share Intel Rally in New York 7.5%.
According to Lutnik, the conversion of funds will not grant the typical rights of the company’s largest shareholder to the federal government. “It’s not governance, we’re just converting the grants Biden’s to fair. No votes,” he said.
Lutnick did say that the goal of equity equity is roughly the same as that of chip method, and he said bluntly: “We need to make our own chips here. We can’t rely on Taiwan.”
A large part of the world’s semiconductors comes from Taiwan Semiconductor Manufacturing Corporation (TSMC), a company located in Hsinchu. TSMC also received CHIPS ACT funding to build semiconductor manufacturing facilities in the United States and start construction in Arizona.
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U.S. Treasury Secretary Scott Bessent also said Tuesday that potential stakes will not force U.S. companies to buy Intel chips.
“The last thing we have to do is enjoy the stakes and then try to do business,” he told CNBC. “Stakes will be a conversion to grants and potentially increase investment in Intel to help stabilize the company’s chip production in the U.S. There is no regard for the merchandise that forces companies to buy from Intel.”
The prospect of a massive U.S. investment in Intel has attracted investors in the company, and its share price has dropped by half over the past five years. The stock price jumped last week After preliminary reports on discussions with the U.S. government and the U.S. government Japan Group SoftBank It was announced late Monday that it would require a $2 billion stake in the company.
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