White House not seeking stakes in Micron and TSMC, WSJ reports

The Trump administration is considering taking equity stakes in semiconductor companies receiving funds from the Chips Act but has no plans to obtain positions in larger firms that are increasing their U.S. investments, Robbie Whelan, Yang Jie and Amrith Ramkumar of Wall Street Journal report, citing a government official. However, the Commerce Department is not looking to take equity from TSMC (TSM) and Micron (MU), the official said told the Journal. TSMC held preliminary discussions about handing back their subsidies if the White House asked to become a stockholder, the paper adds, citing people familiar with the discussions.