Sou Hu Cai Jing·2025-08-28 05:29Group 1 - The U.S. Secretary of Commerce, Howard Lutnick, criticized the Biden administration for being "weak" in negotiations with companies, particularly regarding subsidies without tangible benefits [1][3] - Lutnick emphasized the achievements of the Trump administration, highlighting a $165 billion investment announcement from TSMC and the need for better deals for American citizens [3] - He pointed out that companies like Micron and Texas Instruments increased their investment plans significantly, from $2.5 billion to $20 billion and from $23 billion to $60 billion respectively, under the Trump administration [3] Group 2 - Lutnick mentioned Intel as a struggling chip manufacturer, stating that the Biden administration provided approximately $11 billion in subsidies without securing any substantial returns [4] - He recalled a deal made with Intel during the Trump administration, where the government acquired a 10% stake in the company, equivalent to the $11 billion in subsidies provided [4]