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Howard Lutnick: “Intel, $10 billion. Right. And intel was not a builder…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Secretary Lutnick: These are the 'best hands' to leave national security in

Published | Video Starts at 06:02

So think about it. I walk in to the Commerce Department, and the CHIPS act had given. Given G I V and like shareholder Christmas, Intel, $10 billion. Right. And intel was not a builder, right? They were struggling. They were having difficulty. So we said, look, I can't give you $10 billion if you're not going to really build in America. Give us. (06:02–06:11)

CLAIM

Asserts that Intel received $10 billion despite struggling with building capabilities.

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