Intel Is Just the Appetizer as the US Considers Expanding 'Subsidies for Equity' to Other Chipmakers

According to a report by Jinse Finance citing two sources, U.S. Commerce Secretary Gina Raimondo is considering the federal government taking equity stakes in chip manufacturers building plants in the United States with funding from the CHIPS Act. This move extends previous plans, under which the U.S. intended to exchange cash subsidies for a partial equity stake in Intel. A White House official and another informed source said Raimondo is exploring how the U.S. can obtain equity in companies such as Micron Technology (MU.O), TSMC (TSM.N), and Samsung while providing them with CHIPS Act funding. Most of the funds have not yet been disbursed.