Semiwiki on LinkedIn Semiwiki on Facebook Semiwiki on Twitter Register / Log in 
Array
(
    [content] => 
    [params] => Array
        (
            [0] => /forum/threads/how-lutnick-is-using-government-power-to-pressure-private-companies.23594/
        )

    [addOns] => Array
        (
            [DL6/MLTP] => 13
            [Hampel/TimeZoneDebug] => 1000070
            [SV/ChangePostDate] => 2010200
            [SemiWiki/Newsletter] => 1000010
            [SemiWiki/WPMenu] => 1000010
            [SemiWiki/XPressExtend] => 1000010
            [ThemeHouse/XLink] => 1000970
            [ThemeHouse/XPress] => 1010570
            [XF] => 2021770
            [XFI] => 1050270
        )

    [wordpress] => /var/www/html
)

How Lutnick Is Using Government Power to Pressure Private Companies

X

XYang2023

Well-known member
In late August, Howard Lutnick, President Trump’s commerce secretary, flashed his trademark grin as he sat alongside Lip-Bu Tan, the chief executive of Intel, in Mr. Lutnick’s office. They were waiting to cross Pennsylvania Avenue to sign an unusual agreement that would extend Mr. Trump’s influence over corporate America in a way not seen in generations.

Over the previous week, Mr. Lutnick had hammered out a deal with Mr. Tan and other Intel executives to make the government the largest shareholder of the U.S. tech giant. The agreement came together after Mr. Trump said Mr. Tan should resign because of his ties to Chinese companies, a comment that sent the company scrambling.

“America should have shares,” Mr. Lutnick told Mr. Tan, according to a video posted on social media. “Because it’s just fair. And we agreed together, and then you went to your board of directors, and they agreed.”

“This is exactly what Donald Trump is all about,” Mr. Lutnick added.


 
To be fair, every major company is in general panic mode because of government actions lately -- Tariffs, export controls, etc. It makes sense they would be nervous about the government taking sides with Intel, though it's not like they didn't also do "business" with TSMC, and Samsung.

These are all valid concerns.
 
How is this different than anything else the USG does? There are backroom deals all day long. It is about time semiconductors get some of the government gravy. I hope all of the politicians and beltway insiders are loading up on Intel stock.
 
Daniel Nenni said:
How is this different than anything else the USG does? There are backroom deals all day long. It is about time semiconductors get some of the government gravy. I hope all of the politicians and beltway insiders are loading up on Intel stock.
Click to expand...
Google 'Nancy Pelosi Stock Tracker"


Looks like lately she's:
- Bought $1-5M of Broadcom (June)
- also bought amazon, google, and Nvidia (January)
- Sold $5M-25M of Apple in Dec 2024

1757608845076.png
 
You must log in or register to reply here.
Back
Top