https://www.trendforce.com/news/2025/08/22/news-trump-reportedly-spares-tsmc-micron-from-equity-grabs-after-chipmakers-ramp-u-s-investment/
U.S. Commerce Secretary Howard Lutnick confirmed in a CNBC interview that the administration is seeking a 10% stake in Intel, sparking fears of broader equity grabs from CHIPS Act recipients. But according to The Wall Street Journal, Washington has ruled out moves against major investors like TSMC and Micron.
A U.S. official cited by the report said Thursday the administration has no plans to seek equity in chipmakers like TSMC and Micron that are ramping up U.S. investments. Firms not expanding their pledges, however, could be asked to hand over stakes in exchange for subsidies, the report adds.
...
TSMC Reportedly Mulls to Return Subsidies if U.S. Seeks Stake
As the Wall Street Journal points out, Lutnick told CNBC that unlike the Biden administration, which “gave Intel and TSMC money for free,” Trump wants equity in return for subsidies: “If we’re giving you money, we want a piece of the action,” he added.
In response to this potential move, TSMC, which was awarded up to $6.6 billion for its Arizona fabs that began production in late 2024, has reportedly discussed the option of returning its subsidies if Washington seeks a stake, as per the Wall Street Journal.