Chip Stocks Fall As White House Reportedly Seeks Equity For CHIPS Grants

ToplineKey semiconductor stocks slid in Asia and the U.S. in premarket trading Wednesday, following a report the Trump administration may seek equity in any such firms awarded federal grants under the Biden-era CHIPS Act. Lutnick said the government want to acquire an equity stake in Intel in exchange for grants earmarked under the CHIPS Act.NurPhoto via Getty ImagesKey FactsAccording to Reuters, Commerce Secretary Howard Lutnick is considering a plan in which the U.S. government will gain equity stakes in ...