Commerce Sec. Lutnick: Trump Pentagon is 'thinking' about taking stakes in defense contractors

Government Incentives and Investment - The US government provided Intel with an $11 billion grant to support semiconductor manufacturing in America [3] - The previous administration intended to secure 10% equity in Intel, equating to $11 billion, in exchange for the grant [4] - TSMC initially received $65 billion (65,000 million) to build plants in America, which was later negotiated [7] - TSMC subsequently announced a $165 billion (165,000 million) investment after discussions with the Commerce Secretary [8] - Micron initially received a $25 billion (25,000 million) grant, which was later increased to $200 billion (200,000 million) [9] - Texas Instruments' investment increased from $23 billion (23,000 million) to $60 billion (60,000 million) [9] Policy and Negotiation - The CHIPS Act aimed to incentivize companies to invest in US-based manufacturing due to perceived economic disadvantages [5] - The Commerce Secretary questioned the initial terms of the TSMC deal, deeming the $65 billion grant a "corporate giveaway" [8] - The administration emphasizes the importance of securing favorable terms for the US in exchange for government incentives [9] - The discussion revolves around whether the US government should receive equity stakes in companies benefiting from tariffs or other government support [11] - The US government should consider obtaining a stake in patents resulting from research funded by public money [13]