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Chips Act

All articles tagged with #chips act

business1 month ago•4 min saved

Shareholder sues over 10% US government stake cited as shield against Trump pressure

A shareholder-led Delaware Court of Chancery suit claims Intel’s CEO Lip-Bu Tan and the board granted the US government a 10% stake in Intel—worth about $11 billion—without meaningful consideration, allegedly to protect executives from extortion-like threats and social-media attacks by Donald Trump. The deal, funded by converting Biden-era CHIPS Act grants, followed Trump’s criticisms and a White House visit, and the complaint also targets Skadden for advising both Intel and the government; it seeks to unwind the arrangement. Intel declined to comment, and the stock has risen since the deal was struck as the company pursues its foundry ambitions.

via Financial Times|

#business #chips-act #delaware-court-of-chancery

business2 months ago•9 min saved

Trump’s 41% Factory-Construction Claim Misreads Census Data

Census data show manufacturing construction spending surged under Biden—with CHIPS Act megaprojects driving growth and spending peaking in 2024—before easing in 2025; Trump’s repeated claim of a 41% rise uses a different comparison window and is not supported by the broader data, while tariffs and policy headwinds have affected costs and jobs.

via FactCheck.org|

#biden #business #chips-act

business3 months ago•1 min saved

Federal Government Ends $285M Contract with Durham CHIPS Institute

The U.S. federal government has terminated a $285 million contract with Durham-based Smart USA Institute for the CHIPS Act project, citing 'convenience,' despite the company meeting all performance targets. The project aimed to boost domestic semiconductor manufacturing and incorporate AI technologies like digital twins. Smart USA is now planning next steps after the funding loss.

via WRAL|

#business #chips-act #durham

technology5 months ago•3 min saved

OpenAI Navigates Public and Political Challenges Amid Bailout Talks

OpenAI has urged the US government to expand the Chips Act tax credit to include AI data centers, servers, and electrical components to reduce costs and support the growth of AI infrastructure in the US, amidst ongoing discussions about government support and industry funding strategies.

via Bloomberg.com|

#ai-infrastructure #chips-act #openai

technology5 months ago•3 min saved

US Considers Quantum Computing Investments Amid China Competition

The US government is in early discussions to financially support quantum computing companies, aiming to strengthen national security and maintain technological leadership amid rising competition with China, with potential funding from the Chips Act and strategic negotiations similar to Intel's stake deal.

via Bloomberg.com|

#china #chips-act #national-security

politics7 months ago•4 min saved

Trump's Intel Deal Sparks Controversy Over Government Intervention in Capitalism

President Trump's plan to invest nearly $9 billion in Intel, making the US government the company's largest shareholder, has received unexpected praise from progressives like Bernie Sanders, who previously supported similar ideas, while facing criticism from Republicans and some Democrats for its implications on capitalism and labor policies.

via Business Insider|

#chips-act #government-investment #intel

business7 months ago•3 min saved

Intel Warns Trump’s Business Moves Could Impact Operations

Intel warned that the U.S. government's plan to take a roughly 10% equity stake in the company could pose regulatory and operational risks, especially affecting its international business and future transactions, amid ongoing debates over government involvement in private companies.

via Fox Business|

#business #chips-act #equity-stake

business7 months ago•6 min saved

U.S. Expands Stake in Tech Firms Amid Trump’s Deal-Making Push

President Trump announced plans to pursue further government investments in major companies, starting with a 10% stake in Intel, signaling a shift towards more direct government involvement in private industry, especially in the tech sector, which raises concerns about market interference and long-term economic impacts.

via The New York Times|

#business #chips-act #government-investment

business7 months ago•3 min saved

U.S. Considers Increasing Government Stakes in Companies, Including Intel

The U.S. government, under advisement from Trump officials, may increase its equity stakes in companies, exemplified by its recent nearly 10% investment in Intel through funds from the CHIPS Act, potentially establishing a sovereign wealth fund-like structure to support domestic industries and investments.

via NBC News|

#business #chips-act #equity-stakes

business7 months ago•2 min saved

Trump Administration Secures 10% U.S. Stake in Intel

Intel's $8.9 billion investment from the Trump administration is actually from previously awarded grants under the Biden-era CHIPS Act and Secure Enclave program, not new funds. Trump praised the deal despite criticizing the CHIPS Act, which he called a 'horrible' policy. The investment is passive, with no governance rights, and reflects ongoing U.S. efforts to bolster domestic chip manufacturing.

via TechCrunch|

#business #chips-act #intel

business7 months ago•2 min saved

US Government Declines to Take Stakes in TSMC and Micron Amid CHIPS Act

The U.S. government is not planning to take an equity stake in Taiwan Semiconductor Manufacturing (TSMC), despite its investments in the U.S. and plans to demand shares in Intel. TSMC has committed $165 billion to U.S. investments, but officials are avoiding ownership stakes to prevent controversy and protect Taiwanese interests. Meanwhile, Intel hopes increased government support could boost its role in domestic semiconductor manufacturing, with analysts seeing potential benefits if the government encourages collaboration among chip companies.

via Barron's|

#business #chips-act #intel

business7 months ago•1 min saved

Trump's Chipmaking Ambitions and the Political Fallout

The Trump administration plans to take an equity stake in Intel as part of efforts to boost US chip manufacturing, potentially using grants from the CHIPS Act, though experts warn the move could backfire.

via WIRED|

#business #chips #chips-act

politics7 months ago•3 min saved

US and Tech Giants Engage in Intel and Chip Maker Equity Discussions Amid Policy and Market Concerns

US Senator Bernie Sanders supports President Trump's plan to convert grants to chipmakers like Intel into government stakes, aiming to boost domestic semiconductor production and ensure taxpayer returns, amidst broader bipartisan interest in government investment in the tech industry.

via Al Jazeera|

#bernie-sanders #chips-act #government-stake

business7 months ago•2 min saved

US Considers Taking Equity Stakes in Intel and Other Chip Makers Receiving CHIPS Act Funds

U.S. Commerce Secretary Howard Lutnick is exploring the possibility of the federal government taking equity stakes in chip manufacturers like Intel, Micron, TSMC, and Samsung that receive CHIPS Act funding, aiming to increase U.S. influence and secure national interests in the semiconductor industry.

via CNBC|

#business #chip-manufacturers #chips-act

business7 months ago•4 min saved

Howard Lutnick Criticizes CHIPS Act as Favoring Wealthy Firms like Intel

Howard Lutnick criticizes the CHIPS Act, calling it a giveaway to wealthy companies like Intel and TSMC, and advocates for the U.S. government taking equity stakes in tech firms to ensure better returns and influence, contrasting current policies with those of the Trump administration.

via Gizmodo|

#business #chips-act #government-stake