Commerce Secretary Howard Lutnick announced the U.S. government would take a 10% equity stake in Intel worth $8.9 billion, converting previously committed CHIPS Act grants into government ownership. SoftBank simultaneously invested $2 billion, purchasing 2% of Intel. The equity-for-funding model …
Trump signed an executive order directing the Transportation Department to slash FAA regulations on rocket launches, eliminating or expediting environmental reviews for commercial spaceflight. The order directly benefits SpaceX, whose owner Elon Musk repeatedly complained about FAA environmental …
Trump demanded Intel CEO Lip-Bu Tan resign immediately over alleged China ties, claiming he is ‘highly conflicted’ due to $200 million in investments in Chinese semiconductor firms. Days later, Trump reversed course after meeting Tan, calling his ‘success and rise an amazing …
The U.S. Army awarded Palantir Technologies a decade-long Enterprise Service Agreement worth up to $10 billion for AI-driven battlefield analysis and targeting systems. The contract consolidates 75 existing contracts (15 prime contracts and 60 related contracts) into a single agreement, accelerating …
Citizens for Responsibility and Ethics in Washington (CREW) reported on July 30, 2025, that Qualcomm gave $1 million to Securing American Greatness, a nonprofit 501(c)(4) organization that supported President Trump in the 2024 election and is now spending to boost his agenda. The donation was …