US EditionTrump Administration Considers Equity Stakes in US Defense Contractors Following Intel Investment
- Last week, the Trump administration announced it would acquire nearly a 10% ownership in Intel by committing $8.9 billion to purchase shares of the company's common stock.
- This investment followed the CHIPS and Science Act grants aiming to boost U.S. semiconductor manufacturing and address Intel’s recent struggles.
- Commerce Secretary Howard Lutnick revealed that the administration is exploring the possibility of investing in American defense firms as part of ongoing talks about funding the purchase of munitions.
- Intel CEO Lip-Bu Tan emphasized the company’s dedication to producing cutting-edge technologies within the United States, noting that government support for this effort now totals $11.1 billion.
- The move suggests a precedent for government ownership in strategic industries, potentially expanding beyond Intel to defense firms like Lockheed Martin, which relies heavily on government contracts.
39 Articles
39 Articles
Colorado Springs Gazette
Washington ExaminerHoward Lutnick reveals Pentagon is mulling equity stake in defense contractors
Commerce Secretary Howard Lutnick said the Defense Department is considering taking an equity stake in defense contractors that already receive significant business from the Pentagon. “There’s a monstrous discussion about defense. I mean, Lockheed Martin makes 97% of their revenue…
Commerce Secretary Says Pentagon Weighing Equity Stakes in Defense Contractors
The Department of Defense (DOD) is weighing taking equity stakes in defense contractors such as Lockheed Martin and others, Commerce Secretary Howard Lutnick said in an interview on Tuesday. Speaking on CNBC’s “Squawk Box,” Lutnick was asked about whether the Trump administration would attempt to acquire equity stakes in companies, days after the U.S. government acquired 10 percent of Intel stock for around $9.5 billion. “Oh, there’s a monstrous…
(Washington = Yonhap News) Correspondent Park Seong-min = The Donald Trump administration has acquired a 10% stake in semiconductor company Intel, and similarly, the U.S. defense industry...
UPDATE 3-Trump administration mulls taking stakes in defense firms including Lockheed Martin
The Trump administration is considering taking stakes in defense contractors, including Lockheed Martin Corp, U.S. Commerce Secretary Howard Lutnick said on Tuesday as he defended President Donald Trump's push for a greater government role in American business.
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