US Commerce Secretary Howard Lutnick joins ‘Mornings with Maria’ to explain the Trump administration’s push for a $1 trillion semiconductor investment aimed at strengthening national security and restoring US chip production.
In a wide-ranging discussion, US Commerce Secretary Howard Lutnick clarified where the Trump administration stands on several issues – from Greenland to the importance of semiconductors and the government’s recent investment in a major technology company.
Lutnick supported the statement of the Secretary of the Treasury Scott Bessent that the possible purchase of Greenland is important for the security of the country, adding from the stage of the World Economic Forum that the White House will continue despite the Arctic country reporting doubts.
“It’s important for us to make sure we protect the Western Hemisphere, America’s power in the Western Hemisphere is important to the world. When America shines, the world shines,” Lutnick told FOX Business’ Maria Bartiromo at the World Economic Forum in Davos, Switzerland.
“The president will come and talk about it. He will meet with European leaders. He will talk to them. And I think they will fix it. But you want them at the table. You want them to be serious… if you provoke the president, you will get a response.”
TRUMP WANTS DAVOS SIGNING CEREMONY FOR GAZA PEACE BOARD
“Right after World War II, it was America that protected the shipping lanes between Europe and the United States. As the Arctic opens up… what do you think will happen?” he continued. “We need those shipping lanes. They need to be protected. You can’t have Chinese ships or Russian ships going through that road. So America needs to protect them. It’s important, and it’s part of our national security.”
US Secretary of Commerce Howard Lutnick speaks at the annual meeting of the World Economic Forum in Davos on January 20, 2026. (Getty Images)
Also, in an effort to improve defense and economic competitiveness of the United States, Lutnick said the government will increase support for domestic semiconductor chip production and take an estimated 10% stake in Intel under a government investment program linked to US chip-making incentives.
“We’re going to invest $1 trillion in semiconductors in America, get a 40% market share, and at least be able to take care of ourselves,” Lutnick said.
‘Mornings with Maria’ host Maria Bartiromo interviews US Treasury Secretary Scott Bessent at the World Economic Forum in Davos, Switzerland, about President Donald Trump’s plan to acquire Greenland, tariffs and US economic growth.
“If you don’t make chips, you can’t have robots, you can’t have drones, you can’t take care of yourself. So we need to produce semiconductor chips at home to protect ourselves,” he added.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
“Let’s go over Intel for a moment,” Lutnick shifted gears. “The Biden administration gave Intel $10 billion to build semiconductors in America, which they were already doing … so we negotiated, and we said, okay, you can keep the money. That was already signed, closed and delivered, and you give us 10% of the equity in the company. OK? And now we can help them because we want Intel to succeed in America that Intel succeeds for us that is important in America. the stock increased by 3,540% since then.”
US Commerce Secretary Howard Lutnick joins ‘Mornings with Maria’ to discuss President Donald Trump’s push to expand his $1 trillion EU trade deal, boost American technology investment and challenge tough European regulations.
Intel CEO Lip-Bu Tan said the company remains committed to promoting American-made technology and domestic semiconductor production. In a statement after the government’s investment, Tan said Intel appreciates the management’s confidence and looks forward to working with policymakers to strengthen the technology base and US products.
READ MORE AT FOX BUSINESS
