US to take 10% equity stake in Intel
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The Trump administration is backing away from suggestions it could take a stake in TSMC, despite its plans to demand shares in Intel.
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Taiwan Semiconductor Manufacturing Company (TSM) and Micron (MU) may not be required to give up stakes in exchange for their CHIPS Act grants, following some signs of pushback in early talks. “The Administration is not seeking equity stakes in TSMC or Micron,
Chipmaker Intel has agreed to hand the US government a 10 percent stake in its business, the company and President Donald Trump announced Friday (22 August), marking an unprecedented federal foothold in the semiconductor giant, NDTV reported.
Investment banking firm JPMorgan thinks Intel should walk away from the chip-making business, and push into its Intel Foundry business instead.
The Trump administration is considering taking equity stakes in companies getting funds from the 2022 CHIPS Act but has no similar plans for bigger firms boosting U.S. investments, such as TSMC and Micron,
Two sources familiar with the discussions told Reuters that US Commerce Secretary Howard Lutnick has floated the idea in connection with an ongoing plan to acquire