Chips and Science Act

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Fed's Lisa Cook Says She Won't Be Bullied by Trump
Bloomberg Television· 2025-08-21 14:27
What does this pressure campaign look like when it comes to the US position of global trust across the world economy. I think it's important for us not to look at this as an attack on one individual Fed governor, but an attack on an institution and the independence of the Federal Reserve has been, at its core, central to the confidence that investors around the world have in the U.S. economy. You know, in my old job, one of the things I did was be with investors in the United States, the people around the w ...
US pursuing stake in struggling chipmaker Intel, commerce secretary says
The Guardian· 2025-08-19 15:19
Group 1 - The US government is seeking to convert funding from the Chips and Science Act into equity in Intel, indicating discussions between officials and the company [1][3] - Intel, once a leader in computer processors, is now perceived as lagging behind competitors like Nvidia, which recently achieved a $4 trillion valuation [2] - The conversion of funding would not grant the federal government governance rights typical of a major shareholder, as it would be a non-voting equity stake [4] Group 2 - The goal of the equity stake aligns with the Chips Act's objective to enhance domestic semiconductor production, reducing reliance on Taiwan [4] - The US Treasury Secretary stated that acquiring a stake in Intel would not compel US businesses to purchase Intel chips [5][6] - Investor interest in Intel has surged following news of potential government investment, with the company's stock value having halved over the past five years [6]
X @Bloomberg
Bloomberg· 2025-08-19 14:07
Commerce Secretary Lutnick confirmed discussions between the US and Intel for the government to take a stake in the chipmaker, casting the plan as a bid to convert Chips and Science Act grants into equity https://t.co/FuzMKNXENM ...