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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU:
- Top Analyst Dan Ives Sees Recent Tech Sell-Off as ‘Buying Opportunity’
- Trump mulls reallocating $2B in CHIPS Act funding for minerals, Reuters says
- Short Sellers Bank $5.6B Betting Against AI Stocks
- Washington Throws Billions into Chips as Industrial Policy Goes into Overdrive
- Tech Stocks Fall as Investors Begin to Question the AI Hype