Trump administration official says some CHIPS Act companies won't need to give up equity

The article discusses the U.S. government's stance on equity stakes in companies receiving funds from the Chips and Science (CHIPS) Act. While the Trump administration initially suggested it might take a stake in Intel in exchange for the $10.86 billion in federal grants, not all companies receiving CHIPS Act funds will need to give up equity. Companies like TSMC and Micron that have increased their U.S. investments won't have any additional obligations, according to a government official. However, TSMC may have considered handing back subsidies if the U.S. government asked to become a shareholder, as it was awarded $6.6 billion for its Arizona plant. The Trump administration, however, won't ask for a piece of TSMC or Micron due to their expanded U.S. investments. The article also mentions that the U.S. government may divert up to $2 billion in CHIPS Act funding toward critical minerals projects to reduce U.S. dependence on China.