Lindsay Group CEO Larry Lindsay recently broke the stock market rally by Jackson Hole Speech of Jerome Powell by filling fuel on ‘Morning’ with Maria.
chairman Donald Trump On Monday, he defended the country’s 10% stake in Intel, slammed the deal critics in the morning social media posts.
“I paid zero for Intel, it is worth about $ 11 billion,” Trump wrote on the truth social ahead of the initial bell on Wall Street. “All go to the United States. Why are people unhappy with it? I will do such deals for my country all day. I will also help companies that do such attractive deals with the United States. I love seeing the increase in the price of their stock, which makes USA rich, and rich. More jobs for America !!!
Intel’s shares have increased by 28% This month, fuel was given from the deal to help the struggling chipmaker to edge and focus on the American-made semiconductor. According to the White House Economic Advisor Kevin Haset, the Trump administration is considering more uniform deals.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| commission | Intel Corp. | 24.35 | -0.58 |
-2.33% |
“I am sure there will be more transactions at some points, if not in this industry, in other industries,” Haseett told CNBC.
$ 11 billion stake is a combination of common stock and grant from US Chips and Science Act During biden administration Under former CEO Pat Gailinger, who was excluded from his role as a company.
The then Intel CEO Pat Gelsinger showed President Joe Biden a processor and semiconductor wafer during a visit on March 20, 2024 at the Intel Okotillo Campus in Arizona. (Brendon Smiyalowski / AFP / Getty Image)
Larry Lindsay, former director of the National Economic Council, said, “The government’s intervention in the free-market economy occurred when the Chips Act was passed. Remember, it was a grant. And what President Trump has done turns the grant into an equity position,” Larry Lindsay, a former director of the National Economic Council, said, “Morning with Maria.” “So I don’t think there has increased any increase in socialism here. I think socialism was already committed when we started allocating capital the way we returned.”
President Donald Trump, Left and Intel CEO Lip-Bow Tan. (Getty Image / Fox News)
After removing Intel CEO Lip-Bo Tan Trump from his initial recommendation, he will continue to lead the company that he will be fired on its relations with China.
Trump’s demand is removed by Intel’s CEO
Tan announced the deal, “as the only semiconductor company that leads the leading-edge logic R&D and manufacturing in the US, Intel is deeply committed to ensuring the world’s most advanced technologies.”
The purpose of the investment is to help Intel to regain his feet. It reported a loser of $ 2.9 billion $ 2.9 billion or $ 0.67 per share, while the revenue of $ 12.9 billion had changed slightly from a period of year.
All MPs do not agree with the US to take part in the tech firm.
“Nothing in the Chips Act, the US government authorized the stock to buy stocks in Intel,” Rape Thomas Masi, R-K., said in a statement to Fox Business. “A struggle of interest occurs when the government reaches bed with private companies: Intel is now more likely to cooperate with government infiltration in private computing, and government regulatory agencies are more likely to play favorite with Intel with Intel. The Chips Act was a domed democrats LED Ploy for corporate welfare; it should not be extended to private companies.”
Fox Business’ Alex Nitzburg contributed to this report
