Trump Won’t Seek Equity From Chipmakers With US Investment Plans

The Trump administration will not seek equity stakes in chipmakers like Taiwan Semiconductor Manufacturing Co. and Micron Technology Inc. that are boosting their US investments, as talks continue on taking a stake in Intel Corp., a US official said.

Companies that are boosting investment pledges in the US will not be pressed to offer equity in exchange for funding such as from the Chips Act, the official said, speaking on condition of anonymity to describe the administration’s thinking.

Micron has pledged $200 billion in US investment, while TSMC has pledged to invest an additional $100 billion.

Commerce Secretary Howard ...