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 ...
The US government takes a 10% stake in Intel; Howard Lutnick said earlier the US won't be on the board or play a role in Intel's governance; INTC closes up 5%+
Conversion of Chips Act grants to equity will likely be followed by other moves to help troubled chip maker, analysts say
Sources: US Commerce Secretary Howard Lutnick is looking into government equity stakes in Micron, TSMC, Samsung, and others that receive CHIPS Act funding
‘We should get an equity stake for our money’ Rich Smith / Motley Fool : Why Micron Stock Got Clobbered Today Tyler Lee / Android Headlines : Trump's Plan: Turn CHIPS Act Grants Into Stakes in Samsung...
Sources: US Commerce Secretary Howard Lutnick signals withholding promised CHIPS Act grants as he pushes companies to substantially expand their US projects
Commerce Secretary Howard Lutnick has signaled he could withhold promised Chips Act grants as he pushes companies in line …
The Biden administration's big bet on Intel to lead a US chipmaking revival is in trouble as Intel struggles to hit milestones to get CHIPS Act grants and loans
with no guarantee of when, or if, that money will be disbursed 🧵& free link: https://www.bloomberg.com/... Pranav S. / @pranavenstein : Why, Bloomberg, why? This is a <2x increase in debt over 5 years...
The Biden administration approves $1.6B in CHIPS Act grants and $3B in loans for Texas Instruments, to help pay for one chip factory in Utah and two in Texas
Mackenzie Hawkins / Bloomberg :
The Biden administration approves $1.6B in Chips Act grants and $3B in loans for Texas Instruments, to help pay for one chip factory in Utah and two in Texas
- Funding will support $18 billion in spending in Texas, Utah — Biden administration almost finished allocating chips grants
Sources: US Commerce Department officials inform Applied Materials that its planned $4B Silicon Valley R&D facility doesn't qualify for CHIPS Act grants
a decision that highlights gaps in how the US government is approaching semiconductor research https://www.bloomberg.com/... Forums: r/politics : Applied Materials Denied US Chips Grant for $4 Billion...
US unions are trying to organize staff at chip firms set to receive CHIPS Act grants; CWA is pushing to organize workers at Intel and other big chip companies
both in S. Korea and the U.S. https://www.wsj.com/... by @jiyoungjsohn Jesse Felder / @jessefelder : ‘Hundreds of billions of dollars in investment globally is flooding into semiconductors. The U.S. a...
Gina Raimondo says she plans to make ~12 CHIPS Act grants within the next year, including some worth billions of dollars that could reshape US' chips production
David Shepardson / Reuters :