Howard Lutnick's Push For Government Ownership In Intel, Defense Giants Sparks Wall Street Concern - Intel (NASDAQ:INTC)
Commerce Secretary Howard Lutnick is creating an “investment accelerator” within his department, targeting major corporations, including Intel Corp. INTC and Lockheed Martin Corp. LMT.According to The New York Times report, the fund, led by former Morgan Stanley MS banker Michael Grimes, aims to secure government equity stakes in exchange for federal support.Check out the current price of INTC stock here. The initiative uses CHIPS Act funding and billions pledged by Japan and South Korea through trade deals ...