White House Suggests It’s Coming for Defense Companies Next
The U.S. government took a 10% stake in Intel last week, through a deal that will convert funding from the CHIPS Act into partial ownership of the tech company. But President Donald Trump has much larger plans for his government’s takeover of private industry. At least that’s what Commerce Secretary Howard Lutnick suggested Tuesday during an interview on CNBC. CNBC host Andrew Ross Sorkin asked Lutnick about whether he thought it was “fair for America” that government was now taking control of