The White House has said it won't aim to take a stake in companies like Taiwanese chip giant TSMC and Micron that are increasing investments in the U.S. The Wall Street Journal reported that TSMC had discussed giving back some of its U.S. CHIPS Act funding if Washington pushed to become a shareholder. The U.S. government has confirmed it will take a 10% stake in chipmaker Intel, and it's hinted at similar deals with other grant recipients.
00:00The White House says it has no plans to become a shareholder in bigger firms like TSMC that are boosting investments in the U.S.
00:08The statement follows a Wall Street Journal report that the Taiwanese chip giant had discussed returning some of its U.S. Chips and Science Act funding if Washington pushed to take an ownership stake.
00:18On Tuesday, U.S. Commerce Secretary Howard Lutnick said the government would take a 10% stake in U.S. chipmaker Intel and pursue similar deals with other grant recipients.
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