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Trump 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.
70 Articles
70 Articles
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.
After Intel deal, White House looks to defense companies
The Trump administration might not stop at Intel when it comes to acquiring stakes in US companies. Commerce Secretary Howard Lutnick said on CNBC that the Pentagon is eyeing similar arrangements with defense contractors, saying that Lockheed Martin is “basically an arm of the US government.” A day earlier, President Donald Trump said he would make similar deals “all day long.” The government’s 10% stake in Intel has attracted scrutiny from some…
Trump Administration Considers Taking Stakes in Major US Weapons Firms - News From Antiwar.com
US Commerce Secretary Howard Lutnick said on Tuesday that the Trump administration is considering taking stakes in major US weapons firms, comments that came after the US government announced it was acquiring a 10% stake in Intel, the US chip-making giant. "Oh, there’s a monstrous discussion about defense," Lutnick said…
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