US examines equity stake in chip makers for CHIPS Act cash grants: Reuters
- The US government is considering taking equity stakes in Intel and other chip companies under the CHIPS Act, as stated by US Commerce Secretary Howard Lutnick.
- Lutnick confirmed on August 19 that the plan is for a 10 percent government stake in Intel, according to White House Press Secretary Karoline Leavitt.
- Lutnick emphasized the need for a return on investment, saying, 'We’ll get equity in return for that... instead of just giving grants away.'
- Sources indicate that Donald Trump supports the equity stake idea pushed by Lutnick.
43 Articles
43 Articles
Taking Control of Semiconductors: Trump Targets Equity Stake in CHIPS-Funded Stocks
Key Points in This Article: President Trump’s 10% Intel stake uses CHIPS Act funds, potentially making the government its largest shareholder. Now he wants to own other chip stocks, too. Commerce Secretary Lutnick is promoting the government taking equity positions in other CHIPS Act recipients. Critics fear stifled innovation, while supporters view it as bolstering U.S. semiconductor leadership. Nvidia made early investors rich, but there i…
US examines equity stake in chip makers for CHIPS Act cash grants, sources say
U.S. Commerce Secretary Howard Lutnick is looking into the government taking equity stakes in Intel and other chipmakers in exchange for grants under the CHIPS Act, which aims to spur factory-building in the U.S., two sources said.
Trump administration wants government to have an equity stake in chipmaker Intel
The Trump administration is pursuing an unusual deal that would make the U.S. government a major stakeholder in chipmaker Intel. NPR unpacks the proposal with Bloomberg reporter Mackenzie Hawkins.
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Bias Distribution
- 44% of the sources are Center
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