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Lutnick Seeks Dismissal of Suit Challenging US Intel Equity Stake

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Lutnick asks the US District Court in Delaware to dismiss a suit claiming the Trump administration coerced Intel into handing over a stake valued at about $11 billion for less than its worth. The dispute centers on whether CHIPS Act funds were used as pressure or lawful payment. Intel, the administration, and directors contest the shareholder complaint, with the case now pending in federal court.

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