In an interview with CNBC on Tuesday evening, Lutnick specifically named Intel and said, “We should get an equity stake for our money…which was already committed under the Biden administration.”

U.S. Commerce Secretary Howard Lutnick said on Tuesday the government wanted an equity stake in Intel in exchange for cash grants approved during the administration of former President Joe Biden.

"The president wants to put America's needs first, both from a national security and economic perspective," White House press secretary Karoline Leavitt told reporters.

Japanese technology giant SoftBank Group plans to take a US$2 billion stake in computer chip maker Intel as it deepens its involvement in U.S. semiconductor manufacturing and other advanced technolog...

"The investment comes as both Intel and SoftBank deepen their commitment to investing in advanced technology and semiconductor innovation in the United States," the two companies said in a joint stat...