The U.S. Commerce Department is moving towards the possible equity stake in major semiconductor manufacturers like Intel under the CHIPS Act.
Equity Stake Proposal in Intel
Commerce Secretary Howard Lutnick proposed the idea of acquiring a stake in Intel as part of a broader initiative to restore domestic manufacturing. The government aims to obtain equity in Intel in exchange for grants provided under the program initiated during President Joe Biden's administration.
Criticism and Expert Opinions
Critics of this initiative argue that such steps could increase corporate risks tied to political decisions and potentially burden taxpayers in case of losses. Lutnick also noted that the government is keen on getting returns on its investments rather than merely handing out grants. Sources indicate that Lutnick is pushing the equity concept, supported by former President Trump.
International Context of the Proposal
The proposition has raised concerns among international partners. For instance, South Korea's presidential adviser, Kim Yong-beom, noted that the affected companies and his government had not been informed of such a proposal. In Taiwan, Economy Minister Kuo Jyh-huei stated that their ministry would discuss the potential implications for TSMC if the U.S. decided to seek an equity stake.
The proposed equity stakes in semiconductor manufacturers could have significant implications for both the U.S. and the global community. Ongoing discussions and clarification of details will be key in shaping future policies in this area.
