Wednesday, August 20, 2025

Trump, the statist: Wants a stake in all chip companies that receive subsidies

Commerce Secretary Howard Lutnick stated that the matter is under review. Under the CHIPS Act, hardware manufacturers can obtain funding of over US$ 50 billion.

The goal of boosting U.S. industry at all costs is creating completely unprecedented situations, such as the idea put forward by Commerce Secretary Howard Lutnick, who stated that President Donald Trump is considering claiming a stake in each of the companies that received subsidies to undertake chip and equipment manufacturing on U.S. soil.

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