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US Said to Be Eyeing Stakes in Chip Giants in Exchange for Grants
The Straits Times
|August 21, 2025
Govt Wants a Return on 'Investment' on Money It Gives Away: Commerce Secretary
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WASHINGTON - US Commerce Secretary Howard Lutnick is looking into the government taking equity stakes in Intel as well as other chip companies in exchange for grants under the Chips Act that was meant to spur factory-building around the country, two sources said.
As part of a plan to revive US manufacturing – a key Trump agenda – Mr. Lutnick said on Aug. 19 that the US government wants an equity stake in Intel in exchange for cash grants approved by the administration of former President Joe Biden.
Now Mr. Lutnick wants to expand that plan to other companies, according to a White House official and a person familiar with the situation.
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