The Trump administration is contemplating taking equity stakes in companies getting funds from the 2022 CHIPS Act, though it has no such plans for Micron Technology (MU), Taiwan Semiconductor Manufacturing (TSM) and other bigger semiconductor companies that are boosting investments in the US, Reuters reported Friday, citing a White House official.
Micron and Taiwan Semiconductor didn't immediately respond to MT Newswires' requests for comment.
Micron shares were up 1.1% in recent premarket activity, while Taiwan Semiconductor rose 0.2%.
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