Howard Lutnick Criticizes CHIPS Act as Favoring Wealthy Firms like Intel
TL;DR Summary
Howard Lutnick criticizes the CHIPS Act, calling it a giveaway to wealthy companies like Intel and TSMC, and advocates for the U.S. government taking equity stakes in tech firms to ensure better returns and influence, contrasting current policies with those of the Trump administration.
- Howard Lutnick Calls CHIPS Act a ‘Giveaway to Rich Companies’ Like Intel Gizmodo
- Lutnick says Intel has to give government equity in return for CHIPS Act funds CNBC
- Trump admin pours cold water on its hot Intel deal Axios
- US wants equity stake in Intel for cash grants approved under Biden Reuters
- Trump Administration Discusses Taking 10% Stake in Intel The New York Times
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