Unlike Intel, TSMC will reportedly not have to give up any equity to the US government after receiving funds under the CHIPs Act.
the Trump administration said it might take a stake in Intel in exchange for the $10.86 billion in federal grants the company is receiving from the Chips and Science (CHIPS) Act. However, not all companies receiving funds under the same program will need to give up equity, The Wall Street Journal has reported. Companies like TSMC and Micron that increased their US investments won’t have any additional obligations, according to a government official familiar with the matter.
Ealier, commerce secretary Howard Lutnick appeared to royally screw NVIDIA with comments about the company’s H20 AI chips, and may have also rubbed chip giant TSMC the wrong way. „The Biden administration literally was giving Intel [money] for free, and giving TSMC money for free, and all these companies, just giving them money for free“, he told CNBC on Tuesday.
