Commerce Secretary Lutnick says Intel needs to give government stake for CHIPS funding
1. Commerce Secretary confirmed Intel may give 10% stake for CHIPS funding. 2. Intel shares rose 7% on news of government bailout. 3. SoftBank to invest $2 billion in Intel, becoming fifth-largest shareholder. 4. Intel's anticipated factory operations are now delayed to 2030. 5. Intel reported an $18.8 billion loss in 2024, first since 1986.