Trump’s administration speaks of acquiring stock shares in companies receiving subsidies from the Act on Chips 2022. This step would transfer some grants committed under the law to government ownership.
Development comes after the Minister of Commerce of the United States Howard Lutnick confirmed on Tuesday that the government actively works on the opportunity to obtain a 10% stake in the “Troubled” Chipmaker Intel, said Wall Street Journal (WSJ) on Thursday.
Which semiconductor companies are spared?
However, not all American chippers are subject to this plan of equity. According to WSJ, Trump’s administration does not intend to accept stock shares in larger semiconductor companies that increase their investment in the country.
The WSJ report, which quoted a government official, said “the department of trade does not want to take justice from TSMC and Micron”.
Tai -Wan semiconductor manufacturers (TSMC) reportedly discussed the return of their subsidies to the administration if it requires that it become a shareholder, according to the report.
Why are some semiconductor companies exempt?
Trump’s administration will not look for stock shares in companies that increase their US investment promises in exchange for financing, for example by the CIPs Act, reported in the report.
Companies such as TSMC are exempt because of their efforts to increase investment in the country, the WSJ official said.
The TSMC, which considers NVIDIA and Apple as key clients, announced an investment plans of $ 100 billion in the US, except for the previously $ 65 billion for three production facilities in Arizona.
Context and past precedents
This shift in policy is in line with the wider pressure of the US government to ensure the revenues of its financial support to private companies, especially in the strategic industry.
At the end of last year, the US Sales Department, which oversees the law on chips, was completed by subsidies of $ 6.6 billion for TSMC for the production of semiconductors in the country at the end of last year.
In addition to TMSC, companies such as Intel, Micron and Samsung were among the biggest recipients of chips.
In the past, the US government captured shares in societies during the period of economic instability to provide financial support and renewing trust, WSJ reported.
(Tagstotranslate) TMSC
