“We should get an equity stake for our money,” Lutnick told CNBC’s “Squawk on the Street.”

If the deal is completed, the U.S. government would become one of Intel's largest shareholders and blur the traditional lines separating the public sector and private sector in a country that remains...

"We should get an equity stake for our money," he added. "We'll get equity in return for that... instead of just giving grants away."

SoftBank will acquire a $2 billion stake in Intel, lifting the chipmaker's stock.

SoftBank would become the sixth largest investor in Intel, according to LSEG data.