Commerce Secretary Howard Lutnick announced plans to extract government equity stakes from major corporations like Intel and Lockheed Martin in exchange for federal support, using tariffs and export licenses as pressure tools through a secretive ‘Investment Accelerator’ initiative. …
Howard LutnickDepartment of CommerceIntelLockheed MartinTrump Administrationinstitutional-capturecorporate-coercionregulatory-extortionsystematic-corruption
After taking a 10% equity stake in Intel worth $8.9 billion, the government waived performance benchmarks and accountability requirements despite Intel receiving over $11 billion in total federal support through CHIPS Act grants and additional programs. The benchmark waiver eliminates standards that …
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Commerce Secretary Howard Lutnick announced the U.S. government acquired a 10% stake in Intel by converting $8.9 billion in CHIPS Act grants into equity, purchasing 433.3 million shares at $20.47 per share. Of this total, $5.7 billion came from previously awarded but unpaid CHIPS Act grants, and …
Howard LutnickTrumpDepartment of CommerceIntelstate-capitalisminstitutional-capturecorporate-influenceCHIPS-Act