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Trump administration weighs Intel stake

The Trump administration is considering taking a stake in Intel as a means of boosting the struggling U.S. chipmaker, Commerce Secretary Howard Lutnick said Tuesday.

© Luis M. Alvarez, Associated Press

Lutnick indicated the money for the stake would come from previously allocated Biden-era funding. Media reports have suggested the government is considering a 10 percent stake using CHIPS and Science Act grants.

“The president figures out that we should get, America should get the benefit of the bargain,” he told CNBC’s “Squawk Box.”

“I mean, that is exactly Donald Trump’s perspective, which is, why are we giving a company worth $100 billion this kind of money?” he continued. “What is in it for the American taxpayer? And the answer

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