00:00The Trump administration, through Commerce Secretary Howard Lutnick and with involvement
00:04from Treasury Secretary Scott Besant, is exploring taking equity stakes in semiconductor
00:09manufacturers that have benefited from the Chips and Science Act. The strategy builds on an earlier
00:15move to secure a roughly 10% non-voting stake in Intel in exchange for billions in federal grants,
00:22aiming to provide federal oversight and a return on investment without operational control.
00:27With the Chips Act allocating more than $52 billion towards U.S. semiconductor production,
00:34it represents a significant shift towards direct government investment in critical
00:38technology infrastructure. The approach echoes past crisis-era interventions
00:43and seeks to reinforce national security and economic interests.
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