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Chips Act

All articles tagged with #chips act

markets5 days ago•22 min saved

Micron Pauses Big Buybacks as Chip Rivals Push Returns

Barron’s reports Micron is barred from large share repurchases due to its 2024 CHIPS Act funding, with restrictions set to expire December 9. While rivals SK Hynix, Kioxia and Samsung Electronics pursue or announce sizable buybacks, Micron plans to wait and instead invest $10 billion over the next decade in Micron Research Labs. UBS estimates Micron will generate ample free cash flow in 2027–2028 and could devote most of it to buybacks once the restrictions lift, meaning shareholders may wait for meaningful returns.

via Barron's|

#chips-act #markets #memory-chips

politics24 days ago•100 min saved

Scarborough blasts Trump’s tech equity plan as GOP socialism in action

MSNBC’s Joe Scarborough slammed the Commerce Department’s CHIPS Act plan to take minority equity stakes in seven semiconductor firms, calling it socialism and accusing Republicans of government interference that picks winners and losers. He tied this to a previous Trump-era stake in Intel and argued such actions contradict GOP small‑government principles.

via MS NOW|

#chips-act #joe-scarborough #politics

finance1 month ago•19 min saved

Washington's quiet $27B equity portfolio goes unseen

The Trump administration has invested roughly $27 billion across about 30 equity or quasi-equity deals in private companies, led by a large Intel stake now worth tens of billions, with other bets including MP Materials, U.S. Steel, and quantum firms. The holdings are scattered across at least four agencies (Commerce, Defense, the Development Finance Corp, and Energy) and lack a consolidated ledger or uniform reporting, raising questions about transparency and oversight that CFR researchers say the government must address as this portfolio grows.

via Yahoo Finance|

#chips-act #equity-stakes #finance

politics1 month ago•6 min saved

AOC pushes for breaking up Apple as AI demand drives price hikes

Rep. Alexandria Ocasio-Cortez says Congress should break up large tech firms like Apple amid looming price increases tied to chip shortages and rising AI demand, urging consumer protections and a regulatory approach beyond the CHIPS Act that also addresses data-center energy use.

via Fox News|

#ai #aoc #apple

technology3 months ago•7 min saved

Quantum funding clash: US bets on a quantum foundry under legal scrutiny

The US unveiled $2 billion in quantum-computing investments tied to the CHIPS Act, prompting lawmakers who say the spending isn’t aligned with the Act’s purpose; IBM-backed Anderon will be created as a quantum foundry with $1 billion from IBM and $1 billion from the government, transferring IP and staff to fabricate quantum chips. While the move could accelerate progress by giving startups better access to high-quality fabrication, it also raises questions about legality, government priorities, and the long-term market for such specialized hardware.

via Ars Technica|

#anderon #chips-act #foundry

business5 months 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

business6 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

business8 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

technology9 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

technology10 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

politics11 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

business1 year 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

business1 year 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

business1 year 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

business1 year 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