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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.
The Commerce Department oversees the $52.7 billion CHIPS Act, formally known as the CHIPS and Science Act. The act, signed ...
2don MSN
Trump administration eyes equity stakes in US firms — but some companies are excluded: Here’s why
The Trump administration is considering acquiring equity stakes in US companies which are receiving subsidies from the 2022 ...
The Trump administration is aiming to take an equity stake in Intel, according to US commerce secretary Howard Lutnick.
Lutnick just laughed it off, indignantly pointing out that “we were just giving away the money” under the previous terms of ...
The Trump administration has floated plans to reallocate $2 billion in CHIPS and Science Act funding to support critical ...
4don MSN
Nvidia And Intel Lead Tech Stock Drop As White House Reportedly Seeks Equity For CHIPS Grants
Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money ...
The president put the value of the “deal” at around $10 billion, saying he told the chipmaker’s chief executive that “it would be good having the United States as your partner” and “they’ve agreed to ...
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