Executive Branch

Chip Stocks Fall on Reports White House Seeking Equity in Exchange for Grants

The commerce secretary had already confirmed the administration’s plan regarding Intel but had not mentioned whether the plan would extend to other chipmakers.
Chip Stocks Fall on Reports White House Seeking Equity in Exchange for Grants
U.S. Secretary of Commerce Howard Lutnick testifies before a House Appropriations Committee hearing on U.S. President Donald Trump's budget request for the Department of Commerce, on Capitol Hill, on June 5, 2025. Leah Millis /Reuters
Emel Akan
Emel Akan
Reporter
|Updated:
0:00

Shares of major semiconductor companies fell sharply on Aug. 20 following reports that the Trump administration is considering taking equity stakes in some chipmakers in exchange for federal funding provided under the CHIPS and Science Act.

Intel shares dropped by 7 percent, Micron shares fell by 4 percent, and Taiwan Semiconductor Manufacturing Co. (TSMC) shares slid by 1.8 percent on Wednesday. Nvidia and AMD shares also declined, down by 0.14 percent and 0.8 percent, respectively.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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