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The Latest Breaking News from Howard Lutnick

What Is Going On With Micron Stock Wednesday?

Micron Technology (NASDAQ:MU) stock is trending on Wednesday as reports surfaced that the U.S. government is weighing taking equity stakes in leading chipmakers like Samsung Electronics (OTC:SSNLF), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), and Micron in exchange for CHIPS and Science Act subsidies.

Benzinga

US government pushes for 10% Intel stake amid US-China chip war

The Trump administration is moving to convert billions in CHIPS Act subsidies into a 10% equity stake in Intel. The first-of-its-kind deal would make Washington the company’s largest shareholder and signal a new era of direct government ownership in Silicon Valley.

Euronews

White House confirms talks to acquire 10% stake in Intel — 'We should get an equity stake for our money'

The U.S. wants to get 10% of Intel in exchange for the billions of dollars it’s giving it under the CHIPS Act.

Tom’s Hardware

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With its hire of top Trump crypto official Bo Hines, the stablecoin giant Tether is trying to outrun its past.

Tether has a market cap of $167 billion, but its history of compliance questions puts its regulatory future in doubt.

Fortune

The US government wants a 10% stake in Intel in return for that CHIPS act cash

A 'piece of the action' for the taxpayer...

PC Gamer

Trump Admin To Turn Intel's CHIPS Act Grants Into Equity, Says Howard Lutnick: 'Why Are We Giving A Company Worth $100 Billion, This Kind of Money?'

Commerce Secretary Howard Lutnick said the Trump administration plans to convert federal funding pledged to Intel Corp. (NASDAQ:INTC) under the CHIPS Act into an equity stake, arguing that taxpayers deserve a return instead of providing “giveaways to rich companies.”

Benzinga

Trump's Plans for Intel Take a Page From Bernie Sanders' Playbook

Turning Intel into the chipmaking equivalent of Amtrak is unlikely to be good news for American taxpayers or the company itself.

Reason

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US pursuing stake in struggling chipmaker Intel, commerce secretary says

Trump administration looking to convert funding from Chips Act into equity in the semiconductor manufacturer

The Guardian - US

U.S.-China chip war: How Trump’s Nvidia-AMD deal has redefined Washington’s export control policy

One dismayed Democratic lawmaker said the move signals to China “that American national security principles are negotiable for the right fee.”

Fortune

Trump news at a glance: Lutnick threatens Harvard patents; former Fox commentator bound for UN

Commerce secretary begins process could let the government seize Harvard patents; Tammy Bruce nominated for deputy US ambassador to UN – key US politics stories from 9 August 2025

The Guardian - AU

Trump administration threatens to strip Harvard University of lucrative patents

White House escalates offensive on Ivy League university by calling for review of federally funded research

The Guardian - US

US To Rectify 'Regrettable' Error In Japanese Tariff Order, Promises To Refund Excess Duties

The U.S. government has pledged to rectify a presidential executive order, which will result in the removal of overlapping tariffs on Japanese goods.

Benzinga

Mark Cuban Says This Trump Administration Move Is 'One Of the Dumbest….'

Billionaire investor Mark Cuban blasted a Commerce Department plan under discussion to charge patent holders a percentage of their patent value, calling it "one of the dumbest ideas in the history of business."

Benzinga

China summons Nvidia over 'backdoor safety risks' in H20 chips

China's cyberspace regulators have summoned Nvidia over security concerns about its H20 chips

The Independent UK

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Reason

Yes, Tariffs Are Raising Prices

And if Trump moves ahead with his threatened August 1 tariff hikes, prices will climb even more.

Benzinga

Trump Administration Weighs 'Paradigm Shift' In Patent System To Raise Billions In Revenue: Report

The Trump administration is contemplating a significant revamp of the U.S. patent system, which could potentially generate tens of billions of dollars in revenue.

Benzinga

US Holds Back Tech Export Crackdown To Support Trump-Xi Talks

The United States has temporarily halted restrictions on technology exports to China, according to a Monday report from the Financial Times. This pause is intended to prevent disruptions to ongoing trade discussions with Beijing and to bolster President Donald Trump’s push for a meeting with Chinese President Xi Jinping later…

PC Gamer

US government announces that its investigation into chip imports will have results within two weeks, potentially paving the way for a raft of new tariffs on all things silicon

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Benzinga

Howard Lutnick Says Chip Import Probe Results Due In 2 Weeks As Trump Threatens New Tariffs To Force US Manufacturing Boom

On Sunday, Commerce Secretary Howard Lutnick said the U.S. will announce the results of its semiconductor import probe in two weeks.

Benzinga

Bitcoin, Ethereum, Dogecoin Climb On Trump-EU Trade Pact — Analyst Says This 'Risk-Off' Signal Could Be Critical As BTC Drives Entire Crypto Market

Major cryptocurrencies posted gains on Sunday evening as markets reacted positively to the Donald Trump administration’s landmark trade agreement with the European Union, with analysts attributing the improved risk sentiment to driving momentum in digital assets.

The Independent UK

TACO not on the menu: Howard Lutnick says tariffs start August 1 with no extensions

The president is in Scotland, where he plans to discuss trade with the EU Commission chief

The Guardian - UK

Trump and von der Leyen announce US-EU trade deal

Agreement includes 15% baseline tariff for most EU exports to US after deal reached at Scotland crunch talks

Euronews

This robot system by TikTok parent ByteDance can fold clothes and clear your table thanks to AI

The TikTok parent company has been advancing its AI development.

Reason

Trump's Tariffs and Japan Deal Could Encourage Toyota To Move Manufacturing Jobs Out of America

Trump believes he can deploy tariffs without tradeoffs or distortions. In reality, each new tariff move creates both.

Benzinga

Commerce Secretary Howard Lutnick Dismisses 'Silly' Concerns Of US Automakers Over Japan Trade Deal, Says They're 'Cool' With It

The U.S. Commerce Secretary Howard Lutnick has disclosed that American auto CEOs are in favor of President Donald Trump’s new trade deal with Japan.

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