The Trump administration is seeking equity in semiconductor companies receiving CHIPS Act funds, signaling a major shift from traditional subsidies. Still, the Commerce Department is "not looking to take equity from TSMC and Micron."
SoftBank's Masayoshi Son met Intel's CEO to discuss acquiring its struggling chipmaking unit. SoftBank has invested $2 billion in Intel, buying shares at $23, making it the sixth-largest shareholder with ~2% ownership.
Trump administration considers using Chips Act funds for an equity stake in struggling Intel, signaling a new era of direct government intervention in US industrial policy for national security.
Trump & Intel CEO Lip-Bu Tan met, shifting from conflict to constructive dialogue. After Trump's resignation demand, they discussed strengthening U.S. chip manufacturing. This could bolster Intel's efforts to become a domestic chip champion, securing White House support.
