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

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 ...

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

The move by the U.S. could open the door for similar deals with other chipmakers that received grants under the Chips Act ...

The potential deal would convert the CHIPS ACT grants into equity, but wouldn't come with governance rights in Intel, Lutnick ...

The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have gone for a wild ride since President Trump took office.

The Trump administration is considering a plan to reallocate at least $2 billion from the CHIPS Act to fund critical minerals ...

Commerce Secretary Howard Lutnick on Tuesday confirmed that the government wants Intel to cough up a 10% equity stake in ...

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

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