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Commerce Sec. Howard Lutnick: Biden gave Intel $11B in exchange for nothing. President Trump comes in and says, 'Why don't you give us $11B of your equity?' "At least America gets the benefit of the bargain. I mean, doesn't that make sense?"

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Rapid Response 47

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78,947 просмотров • 10 месяцев назад •via X (Twitter)

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“We give universities up to $200B a year for research, they keep the patents — taxpayers get nothing. Biden gave Intel $11B for nothing. Trump says: give America $11B in equity. Doesn’t that make sense?” — Sec. Howard Lutnick
1:01

“We give universities up to $200B a year for research, they keep the patents — taxpayers get nothing. Biden gave Intel $11B for nothing. Trump says: give America $11B in equity. Doesn’t that make sense?” — Sec. Howard Lutnick

Laura Ingraham

2,190,219 просмотров • 10 месяцев назад

Lutnick The Biden administration gave $11 billion in exchange for? Nothing. Trump comes in and says why don't you give us $11 billion of your equity—Doesn't that make sense?
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Lutnick The Biden administration gave $11 billion in exchange for? Nothing. Trump comes in and says why don't you give us $11 billion of your equity—Doesn't that make sense?

Acyn

25,864 просмотров • 10 месяцев назад

“The Biden administration gave Intel $11 billion in exchange for nothing—nothing. So Donald Trump comes in and says, whoa, whoa, why don’t you give us $11 billion of your equity? At least America gets the benefit of the bargain.” Secretary Howard Lutnick gives a quick break down how the Trump administration is fighting for better and smarter deals for the American taxpayer. 🎯
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“The Biden administration gave Intel $11 billion in exchange for nothing—nothing. So Donald Trump comes in and says, whoa, whoa, why don’t you give us $11 billion of your equity? At least America gets the benefit of the bargain.” Secretary Howard Lutnick gives a quick break down how the Trump administration is fighting for better and smarter deals for the American taxpayer. 🎯

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154,881 просмотров • 10 месяцев назад

"The investments in America are for the benefit of the economic and national security of the United States of America," says Commerce Secretary Howard Lutnick. "The only person who could've come up with these kind of ideas to make sure we protect America is Donald Trump."
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"The investments in America are for the benefit of the economic and national security of the United States of America," says Commerce Secretary Howard Lutnick. "The only person who could've come up with these kind of ideas to make sure we protect America is Donald Trump."

Rapid Response 47

43,419 просмотров • 10 месяцев назад

Lutnick: "The Biden administration gave $10 billion to Intel to build semiconductors in America, which they were already doing ... so we said, 'Look, we're gonna cancel that contract and I want the $10 billion back. I don't want to give you the $10b, because that's just not going to work for us.' So we negotiated and we said, 'Ok, you can keep the money that was already signed, sealed, and delivered, and you give us 10% of the equity in the company.'"
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Lutnick: "The Biden administration gave $10 billion to Intel to build semiconductors in America, which they were already doing ... so we said, 'Look, we're gonna cancel that contract and I want the $10 billion back. I don't want to give you the $10b, because that's just not going to work for us.' So we negotiated and we said, 'Ok, you can keep the money that was already signed, sealed, and delivered, and you give us 10% of the equity in the company.'"

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.Howard Lutnick on President Donald J. Trump' deal with Intel : We went from the American taxpayer giving Intel $10B and getting nothing for it, to owning 430 million shares of their company, worth $30B for the American taxpayer. That's a swing of $40B — for the benefit of who? For us.
1:06

.Howard Lutnick on President Donald J. Trump' deal with Intel : We went from the American taxpayer giving Intel $10B and getting nothing for it, to owning 430 million shares of their company, worth $30B for the American taxpayer. That's a swing of $40B — for the benefit of who? For us.

Rapid Response 47

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Howard Lutnick on the Trump administration's desire to buy a 10% stake in Intel: “Look, the Biden administration literally was giving Intel money for free... Donald Trump turns that into saying, hey, we want equity for the money.... we want a piece of the action."
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Howard Lutnick on the Trump administration's desire to buy a 10% stake in Intel: “Look, the Biden administration literally was giving Intel money for free... Donald Trump turns that into saying, hey, we want equity for the money.... we want a piece of the action."

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During a presser with U.S. President Donald J. Trump, U.S. Secretary of Commerce Howard Lutnick, TSMC CEO C. C. Wei, and “White House Crypto and AI Czar” David Sachs, the president announced that TSMC will be investing at least $100 billion in new capital towards building out domestic chip manufacturing in the United States. Commerce Secretary Howard Lutnick said the move is one of many to “bring production to America” and to avoid tariffs.
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During a presser with U.S. President Donald J. Trump, U.S. Secretary of Commerce Howard Lutnick, TSMC CEO C. C. Wei, and “White House Crypto and AI Czar” David Sachs, the president announced that TSMC will be investing at least $100 billion in new capital towards building out domestic chip manufacturing in the United States. Commerce Secretary Howard Lutnick said the move is one of many to “bring production to America” and to avoid tariffs.

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"We need to make semiconductors in America. We need to make antibiotics in America. We need the rare earths in America, and that's exactly what the Trump Administration is all about," says Sec. Howard Lutnick. "You watch us do it — we're going to bring it home."
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"We need to make semiconductors in America. We need to make antibiotics in America. We need the rare earths in America, and that's exactly what the Trump Administration is all about," says Sec. Howard Lutnick. "You watch us do it — we're going to bring it home."

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#WATCH | Washington, DC | US Secretary of Commerce, Howard Lutnick says, "The Biden administration had a very constrained view, and the Trump administration's view is, embrace your allies. Have your allies join you in the AI revolution. We are willing to sell our best chips. But they have to be done in certain ways so they can't end up in the hands of those that we don't want to have them..."
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The American people sent a resounding message in support of President Trump and his administration. President Trump has announced his Cabinet and the Commerce Committee has two stellar nominees before it: Sec. Nominee Howard Lutnick for the Department of Commerce and Transportation Nominee Sean Duffy. We will vet and confirm President Trump's nominees — carrying out the Senate's "advice and consent" role.
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