特朗普政府入股芯片巨头思路曝光

Core Viewpoint - The Trump administration is considering holding equity stakes in semiconductor companies that have not committed to increasing investments in the U.S., while those that have made such commitments will not be subject to equity conditions for subsidies [2][6]. Group 1: Government Policy and Semiconductor Investments - The U.S. government is discussing the possibility of acquiring a 10% stake in Intel and similar arrangements with other companies like Micron Technology, TSMC, and Samsung [2]. - The Trump administration has been actively encouraging semiconductor companies to increase their investments in the U.S., including waiving nearly 100% of chip import tariffs for companies that invest more domestically [2]. - Historical context suggests that the effectiveness of such measures may be limited due to the complexity of modern supply chains compared to the 1980s [3]. Group 2: Funding and Subsidy Dynamics - The CHIPS Act, signed by President Biden, committed $39 billion to revitalize domestic semiconductor manufacturing, aiming to increase U.S. chip production from 12% to 20% by 2030 [5]. - Intel is eligible for $8.5 billion in direct funding and $11 billion in loans for new and expanded fabs, while TSMC has received $6.6 billion in subsidies for its Arizona facility [5]. - The Trump administration's approach contrasts with the Biden administration's, as it seeks to exchange funding for equity stakes in companies, which has faced opposition from firms like TSMC [5][6]. Group 3: Adjustments to the CHIPS Act - The Trump administration is looking to modify the implementation of the CHIPS Act, including reallocating at least $2 billion from the semiconductor budget to support critical mineral development projects [8]. - This reallocation aims to enhance the decision-making power of the Commerce Secretary and aligns with the semiconductor industry's need for essential minerals like germanium and gallium [8].