The Latest Breaking News from Howard Lutnick

US And Japan Set To Announce $550 Billion Mega Investment Deal, Says Howard Lutnick, But Tokyo Reportedly Resists Binding Terms

The U.S. government is preparing to formally announce a massive $550 billion investment from Japan this week, as stated by Commerce Secretary Howard Lutnick.

Benzinga · Aug 26, 2025

Intel Deal Splits Experts, Beijing Pressures Alibaba And ByteDance On Nvidia, Zuckerberg Reshuffles AI Again —Tech This Week

The past week has been a rollercoaster ride in the tech world. From President Donald Trump’s controversial stake in Intel Corporation to Beijing’s backlash against Nvidia Corporation and Mark Zuckerberg’s AI restructuring at Meta Platforms, the tech industry has been buzzing with activity. Let’s dive into the details.

Benzinga · Aug 24, 2025

Nvidia reportedly shows China-specific B30 chips with 80% of the performance of the standard Blackwell GPU to the U.S. government — Nvidia CEO says approval is still up in the air

Nvidia is still waiting for approval from the U.S. government to sell the B30 chip to China.

Tom’s Hardware · Aug 23, 2025

Trump says Intel agreed to give the government 10% of the chipmaker. ‘We do a lot of deals like that. I’ll do more of them’

Commerce Secretary Howard Lutnick previously said the U.S. government should receive equity in return for the CHIPS Act cash grants Intel has received.

Fortune · Aug 22, 2025

Trump Says 10% Stake In Intel Is A Done Deal: 'I Think It's A Great Deal For Them'

Intel Corp. (NASDAQ:INTC) stock climbed more than 6% on Friday after President Donald Trump said the government should acquire roughly a 10% stake in the struggling chipmaker.

Benzinga · Aug 22, 2025

White House won't ask for ownership stake in TSMC or Micron in exchange for CHIPS Act funds — companies already investing more in the US expected to be exempt

CHIPS Act awardees that don’t expand their investment commitments might be asked to hand over some equity to the federal government.

Tom’s Hardware · Aug 22, 2025

Nvidia reportedly orders suppliers to stop work on China AI chip but says new chip in the works

China reportedly told local tech companies to stop buying Nvidia's chips due to alleged security concerns, as the global AI race intensifies.

Euronews · Aug 22, 2025

Nvidia's CEO says it's in talks with Trump administration on a new chip for China

Nvidia CEO Jensen Huang says the company is discussing a potential new computer chip designed for China with the Trump administration

The Independent UK · Aug 22, 2025

China tells tech giants to halt Nvidia H20 orders after U.S. official’s ‘addiction’ remark — Chinese leaders call Lutnick's comments 'insulting'

Sec. Lutnick’s remarks drew the ire of Chinese leaders who could have potentially drawn on historical parallels.

Tom’s Hardware · Aug 21, 2025

Taiwan Semiconductor Faces New Challenge As US Mulls Equity Stake Tied To CHIPS Act Subsidies

Semiconductor giant Taiwan Semiconductor Manufacturing Co (NYSE:TSM) faces a new challenge as U.S. officials explore taking equity stakes in chipmakers receiving CHIPS Act support, a strategy that Taiwan’s economic minister described Thursday as needing additional scrutiny before approval.

Benzinga · Aug 21, 2025