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Howard Lutnick: “They gave America 10% of the company.”

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 06:24

Give us. And they said, we can't afford to give the money back. I said, well, then you're going to give America 10% of the company. And we negotiated, and They gave America 10% of the company. And what intel needed is they needed engineering help. Like, they had a good foundation, but they didn't have the customers building. So I said, I'll try to get you one of three. (06:24–06:26)

CLAIM

Asserts that Intel gave the U.S. government a 10% stake in the company.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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