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Howard Lutnick: “The Biden administration gave Intel 11 billion.”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Watch CNBC's full interview with U.S. Commerce Secretary Howard Lutnick

Published | Video Starts at 24:07

While people think that's weird when you guys are in the New York Stock Exchange, that's not weird. That's called capitalism. But it's also picking winners and losers from the government. Well, why did we, The Biden administration gave Intel 11 billion. I didn't wake up in the morning and say, you know what I'd like to do? I'd like to give Intel $11 billion. Get lost. We'd have never done the deal. (24:07–24:11)

CLAIM

Asserts that the Biden administration provided Intel with $11 billion.

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