Commerce Sec Howard Lutnick signals Intel deal has been completed: US 'now owns 10%' of company

Government (partial) ownership of a private company in a Western country is odd if not problematic particularly for the US! And this deal has been kept secretive so far.

One hopes this is only a temporary government ownership!

"... President Donald Trump and Lutnick have been teasing the deal this past week, which the U.S. hoped would give the government a nonvoting, equity stake in Intel in exchange for CHIPS Act funds. ..."

Commerce Sec Howard Lutnick signals Intel deal has been completed: US 'now owns 10%' of company | Just The News "Lutnick said the agreement is beneficial to both parties but no details on the arrangement have been released so far."