Trump's U-Turn: Turning CHIPs Act Grants into Equity Stakes

Trump, who previously vowed to kill the CHIPS Act, is now reportedly planning to transform its grant funding into equity investments in US chipmakers. This surprising move has sparked considerable debate. The plan involves converting already-approved (but mostly undisbursed) grants from the Biden administration into equity stakes in companies like Intel, giving American taxpayers a share in the profits. This strategy is seen as a potential balance between fiscal responsibility and securing US semiconductor dominance, but it may also introduce uncertainty for other companies seeking federal grants and potentially impact their operational efficiency.