US authorities are considering the opportunity to obtain a share with technological companies that receive grants for building microchips, especially Samsung, Micron, Intel and TSMC.
As part of the Chips program, the US administration has provided billions of dollars to the leading semiconductor manufacturers, including Samsung, Micron, Intel and TSMC to stimulate their construction of labor facilities in the United States. According to Reuters, United States Minister Howard Lutnik, assesses the possibility of getting a part in companies in exchange for these grants.
Today, the main attention is paid to Intel, which proves that the government’s transaction of 10% of shares continues. An unknown White House representative said Lutnik plans to expand this method to other companies, including Samsung.
According to Lutnik comments, any part has no right to vote, that is, the US government will not interfere with the company’s activities.
Samsung has not yet commented on this information, and the South Korean president’s advisor said that neither the government nor the company may be affected by this initiative has been heard about the plan. He added that foreign companies, such as Samsung, need unpredictable for their investments in the United States. At the same time, a Korean chip industry said that it is difficult for chip manufacturers to participate in the US government capital, and some of them may decide not to invest or postpone investments if Washington does not provide incentives, such as increasing financing
We will remind, earlier that Trump announced a 100% fee for importing chips.
The Trump administration considers buying Intel shares – Bloomberg
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.