CHIPS-Act

CHIPS-Act

Government Waives Performance Benchmarks for Intel Despite $11 Billion in Federal Support

| Importance: 8/10

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 …

Trump Intel Department of Commerce state-capitalism corporate-welfare CHIPS-Act accountability crony-capitalism
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U.S. Government Takes 10% Equity Stake in Intel Through CHIPS Act Conversion

| Importance: 9/10

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 Lutnick Trump Department of Commerce Intel state-capitalism institutional-capture corporate-influence CHIPS-Act
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