Some lawyers and bankers say the Intel deal may face legal challenges as the CHIPS Act may not allow the US government to convert grants into equity
and every American should be [video] Kelsey Piper / @kelseytuoc : @recurseparadox Congress can repeal the CHIPS act if they want to. (I think they shouldn't, but they could). But ‘Congress authorized ...
US Commerce Secretary Howard Lutnick says that Intel must give the government an equity stake in the company in return for CHIPS Act funds; INTC closed up 6.97%
Commerce Secretary Howard Lutnick said Tuesday that Intel must give the U.S. government an equity stake in the company in return for CHIPS Act funds.
Source: TSMC is considering a controlling stake and fully operating Intel's US factories after a Trump team request, as Trump aims to boost US manufacturing
www.bloomberg.com/news/article... @cdmasterzang : Make Taiwan Great Again! X: Scott Lincicome / @scottlincicome : “Intel's foundry operation lost more than $13 billion on $17.5 billion in revenue last...
The White House plans to require that companies seeking CHIPS Act subsidies limit stock buybacks and share unanticipated profits with the federal government
Even Child Care Tweets: Dennis Crowley / @dens : This seems very smart / reasonable. Why haven't all subsidies (or bailouts?) had similar terms? https://www.nytimes.com/... https://twitter.com/... Sar...
The US government's entity list also targets newer Chinese chip companies, including PXW, which are more vulnerable than established players like Huawei
Financial Times : Tweets: @noahpinion , @adam_tooze , @pstasiatech , and @dnystedt Tweets: Noah Smith / @noahpinion : The economic war intensifies https://twitter.com/... Adam Tooze / @adam_tooze : “...
A look at chipmakers' race to capitalize on a wave of subsidies, as the US and other western countries reassess their industrial policies to slow China's rise
U.S. semiconductor maker's appeal for subsidies plays on national security fears during chip shortage; ‘Never let a good crisis go to waste’ Tweets: @live_news_nick , @bobdavis187 , @jordannovet , and...