The Latest Breaking News from Howard Lutnick

Intel Corp. (NASDAQ:INTC) stock climbed more than 6% on Friday after President Donald Trump said the government should acquire roughly a 10% stake in the struggling chipmaker.

CHIPS Act awardees that don’t expand their investment commitments might be asked to hand over some equity to the federal government.

The Blue House is denying that the U.S. government wants to buy a stake in its crown jewel.

Sen. Bernie Sanders (I-Vt) has expressed his support for President Donald Trump‘s plan to convert U.S. grants to chipmakers into government equity in these firms.

Beijing has reportedly moved to curb sales of Nvidia Corporation's (NASDAQ:NVDA) China-specific AI chip after U.S. Commerce Secretary Howard Lutnick made remarks about export policy that Chinese officials reportedly found "insulting."

Micron Technology (NASDAQ:MU) stock is trending on Wednesday as reports surfaced that the U.S. government is weighing taking equity stakes in leading chipmakers like Samsung Electronics (OTC:SSNLF), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), and Micron in exchange for CHIPS and Science Act subsidies.

The Trump administration is moving to convert billions in CHIPS Act subsidies into a 10% equity stake in Intel. The first-of-its-kind deal would make Washington the company’s largest shareholder and signal a new era of direct government ownership in Silicon Valley.

The U.S. wants to get 10% of Intel in exchange for the billions of dollars it’s giving it under the CHIPS Act.

Tether has a market cap of $167 billion, but its history of compliance questions puts its regulatory future in doubt.