As per The Wall Street Journal, the Trump administration is contemplating acquiring equity stakes in companies receiving funding through the 2022 CHIPS Act. However, it has no plans to invest in major semiconductor firms that are expanding their investments in the United States. On Tuesday, U.S. Commerce Secretary Gina Raimondo disclosed that the government is exploring the option of taking a 10% stake in Intel. Conversely, the government does not intend to acquire equity stakes in companies such as TSMC, which are boosting their investments in the U.S. Firms that have not pledged to increase their investments may be mandated to offer equity in return for subsidies. The Department of Commerce has explicitly stated that it will not acquire equity stakes in TSMC and Micron. Reports indicate that TSMC executives have deliberated over the possibility of returning subsidies if the government demands equity stakes.