- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
The Trump administration is considering taking stakes in defense contractors, including Lockheed Martin Corp (LMT.N), U.S. Commerce Secretary Howard Lutnick said on Tuesday as he defended President Donald Trump’s push for a greater government role in American business.
“They’re thinking about it,” Lutnick told CNBC, citing Pentagon leaders, when asked if the administration was considering taking pieces of contractors such as Lockheed Martin, Boeing (BA.N), or Palantir Technologies (PLTR.O.
“There’s a lot of talking that needs to be had about how do we finance our munitions acquisitions.”
Bezos won’t even pay for his own shit, do you really think 10% of billions of dollars would be okay with him?
The gov’t spent $9 billion on Intel shares, they didn’t seize them or anything.
The United States government is making an $8.9 billion investment in Intel common stock, giving the Trump administration a roughly 10% stake in the struggling chipmaker, Intel and the president announced on Friday.
“It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future,” Trump wrote in a Truth Social post on Friday.
“I said, I think you should pay us 10% of your company,” Trump said of his conversations with Intel CEO Lip-Bu Tan. “And they said yes.”
https://edition.cnn.com/2025/08/22/tech/trump-intel-10-percent-stake