The Commerce Department oversees the $52.7 billion CHIPS Act, formally known as the CHIPS and Science Act. The act, signed ...

Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money ...

U.S. Commerce Secretary Howard Lutnick is looking into the government taking equity stakes in Intel and other chipmakers in ...

Lutnick just laughed it off, indignantly pointing out that “we were just giving away the money” under the previous terms of ...

U.S. Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip ...

Bloomberg Technology is the only daily news program focused exclusively on technology, innovation and the future of business.

The Trump administration is reportedly discussing a deal to take a 10% stake in Intel, which could potentially leverage CHIPS ...

Intel shares fell 3.7% on Monday, after reports that Trump administration officials are talking about taking a 10% stake in ...

Intel's stock climbed Friday, while other chip stocks slid after President Trump told reporters semiconductor tariffs could ...

Intel stock was down 3.9% after Bloomberg reported that the Trump administration could convert Chips Act grants into a 10% ...

Howard Lutnick said the Trump administration plans to convert federal funding pledged to Intel under the CHIPS Act into an ...

The Trump administration wants U.S. chipmaker Intel to give the federal government an equity stake to receive $8 billion via ...