On August 22, The Wall Street Journal disclosed that the Trump administration is contemplating acquiring equity stakes in companies receiving subsidies under the 2022 Chips Act, excluding major semiconductor firms expanding their investments in the United States. U.S. Commerce Secretary Gina Raimondo confirmed that negotiations with Intel for a potential 10% stake are in progress, and that other chip companies might also be under consideration. This strategy could encounter resistance from companies, with TSMC and others possibly opting to repay the subsidies. Government officials have clarified that they do not aim to acquire equity stakes in firms that are increasing their investments in the U.S.
