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Howard Lutnick: “They're not going to build more chips in America for that 11…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Published | Video Starts at 24:28

But if there's a contract that says the U.S. government is giving away 11 billion, President Trump and I are going to go out there and say, let's get value for the American taxpayer for that. They're not going to build more chips in America for that 11 billion. Let's just get equity for it. So at least America is taken care of and balanced. It's just got a national security obviously over, over. I mean, that's the key point. (24:28–24:32)

CLAIM

Asserts that Intel will not increase chip production in America despite receiving $11 billion.

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