Trump administration is not eyeing equity stakes in TSMC, Micron – White House official

U.S. President Donald Trump
The Trump administration is exploring equity stakes in companies receiving 2022 CHIPS Act funding, but has no plans to do so for major firms like TSMC and Micron, which are increasing U.S. investments, a White House official told Reuters. The official confirmed a Wall Street Journal report stating the administration will not seek equity in semiconductor companies like Micron and TSMC that are boosting investment.
David Shepardson for Reuters:
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On Tuesday, U.S. Commerce Secretary Howard Lutnick said the government continued to work on the possibility of taking a 10% stake in troubled chipmaker Intel and suggested it would seek further stakes in other grant recipients.
“If we’re going to give you the money, we want a piece of the action for the American taxpayer,” Lutnick told CNBC.
At a March event with President Donald Trump at the White House, TSMC, which has Nvidia and Apple as key clients, announced plans for the new $100-billion U.S. investment, in addition to $65 billion committed for three manufacturing facilities in the state of Arizona.
Micron boosted its U.S. investment plans in June.
In the past, the U.S. government has taken stakes in companies during periods of economic uncertainty to provide financial support and restore confidence.

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MacDailyNews Take: As we wrote earlier this week: “Some companies are too far gone and are just meant to die. Yes, we’re talking about Intel whose ex-CEO Paul Ottelini made a potentially fatal decision not to take up Steve Jobs on his offer to develop the microprocessor for the original iPhone. One big mistake like that can take down a company. Intel is an also-ran today. Propping up such companies with American taxpayers’ money only prolongs the inevitable.”
Death is very likely the single best invention of Life. It is Life’s change agent. It clears out the old to make way for the new. – Steve Jobs

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