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Howard Lutnick: “The CHIPS act was a nice down payment. $50 billion set aside…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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

Published July 9, 2026 | Video Starts at 04:42

How many more of these blue state, red administration type of deals do you see? And what have you learned from this one? So the CHIPS act, right? When I walked in as Commerce Secretary, The CHIPS act was a nice down payment. $50 billion set aside of spare money. and they were giving companies 20%. So if so, Micron was getting $6 billion, right. Really, to build, you know, 50, $40 billion worth of stuff. They were getting 20% pats. (04:42–04:48)

CLAIM

Asserts that the CHIPS Act allocated $50 billion as an initial investment.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Howard Lutnick

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“They gave America 10% of the company.”
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“Intel is now up six times. And the American taxpayers, instead of giving Intel $10 billion, the American taxpayers have $60 billion.”
Secretary Lutnick: These are the 'best hands' to leave national security in | Uploaded July 9, 2026 | 06:54-07:06
“Europe wants the 15% trade deal.”
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“Micron is building here in New York and in Boise, Idaho, hundreds of billions of dollars of memory.”
Secretary Lutnick: These are the 'best hands' to leave national security in | Uploaded July 9, 2026 | 02:39-02:43
“Micron is going to do 100,000 jobs.”
Secretary Lutnick: These are the 'best hands' to leave national security in | Uploaded July 9, 2026 | 03:22-03:26
“President Trump's $19 trillion is going to be millions of jobs, 5 million trade jobs coming to America.”
Secretary Lutnick: These are the 'best hands' to leave national security in | Uploaded July 9, 2026 | 03:34-03:41
“Micron was getting $6 billion, really, to build, you know, 50, $40 billion worth of stuff.”
Secretary Lutnick: These are the 'best hands' to leave national security in | Uploaded July 9, 2026 | 04:44-04:56
“Instead of building, you know, $100 billion worth of goods, now we're building $550 billion.”
Secretary Lutnick: These are the 'best hands' to leave national security in | Uploaded July 9, 2026 | 05:30-05:38
“Intel, $10 billion. Right. And intel was not a builder, right? They were struggling.”
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“I don't think there's ever been a Commerce Secretary who's made money for America.”
Secretary Lutnick: These are the 'best hands' to leave national security in | Uploaded July 9, 2026 | 07:07-07:12
“My predecessors gave it away, and I bring it in for American taxpayers.”
Secretary Lutnick: These are the 'best hands' to leave national security in | Uploaded July 9, 2026 | 07:11-07:17