CHIPS Act funding could herald an era where the U.S. is not offering grants, but buying equity — Lutnick’s semiconductor strategy might not end with Intel

CHIPS Act funding could herald an era where the U.S. is not offering grants, but buying equity — Lutnick’s semiconductor strategy might not end with Intel

President Donald Trump was no fan of the CHIPS and Science Act. The U.S. President said in a March speech to Congress that he wanted to eliminate the subsidy: “Your CHIPS Act is a horrible, horrible thing. We give hundreds of billions of dollars, and it doesn’t mean a thing.” The leader then proposed that…

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