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Taking Control of Semiconductors: Trump Targets Equity Stake in CHIPS-Funded Stocks
Owning the Means of Production The Trump administration’s push for a 10% equity stake in Intel (NASDAQ:INTC), leveraging $10.9 billion in CHIPS Act grants — $7.9 billion for domestic investments and $3 billion for defense microelectronics — has ignited debate.
Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money ...
The administration isn’t eyeing equity in semiconductor companies that are increasing U.S. investment like TSMC and Micron, but may take stakes in others.
Taiwan Semiconductor Manufacturing Co.’s Arizona manufacturing plant has turned its first profit it began production at the ...
Last week, the Trump administration said it might take a stake in Intel in exchange for the $10.86 billion in federal grants the company is receiving from the Chips and Science (CHIPS) Act. However, ...
The Commerce Department oversees the $52.7 billion CHIPS Act, formally known as the CHIPS and Science Act. The act, signed ...
The Trump administration is aiming to take an equity stake in Intel, according to US commerce secretary Howard Lutnick.
Commerce Secretary Howard Lutnick said the Trump administration plans to convert federal funding pledged to Intel Corp. INTC ...
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