U.S. Senator Sanders favors Trump plan to take stake in Intel, others
"If microchip companies make a profit from the generous grants they receive from the federal government, the taxpayers of America have a right to a reasonable return on that investment," Sanders, an Independent who caucuses with Democrats, said in a statement to Reuters.
The awards were part of the 2022 Chips and Science Act, which sought to lure chip production away from Asia and boost American domestic semiconductor output with $39 billion in subsidies.
Commerce Secretary Howard Lutnick is looking into the government taking equity stakes in Intel and other chipmakers in exchange for the grants, sources told Reuters on Tuesday.
Much of the funding for companies such as Micron (MU.O), opens new tab, Taiwan Semiconductor Manufacturing Co (2330.TW), opens new tab and Samsung (005930.KS), opens new tab has not been dispersed.
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