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.
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75 Articles
Trump Admin Signals It’s Not Done Gobbling Up Ownership Of Major American Companies
by Ireland Owens at CDN - Commerce Secretary Howard Lutnick said Tuesday that the Trump administration is “thinking about” taking equity stakes in defense companies. Lutnick said in a Tuesday interview with CNBC’s “Squawk Box” that “there’s a monstrous discussion about defense” in response to a question about whether there is a “line” on the U.S. government owning stakes in private companies. … Click to read the rest HERE-> Trump Admin Signals I…
After Intel, Trump now eyes stake in defence contractor Lockheed Martin; Lutnick calls it ‘a govt arm’
Commerce Secretary Howard Lutnick said Pentagon officials are exploring equity stakes in firms like Lockheed as Trump moves to expand government influence over strategic industries, according to a report
After a 10% stake in Intel, Washington would consider taking stakes in defense companies, said Trade Secretary Howard Lutnick on Tuesday. A new form of state capitalism is emerging in the United States.
The U.S. government has taken a stake in Intel. Defence industry contractors could be next
U.S. Commerce Secretary Howard Lutnick and other Trump administration officials say the government could seek more deals along the lines of the one signed with Intel. Here's a look at the reaction to the government's unconventional transactions involving Intel and other companies.
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