The Trump Admin Will Get a Stake In Six Semiconductor Companies. The Total Will Rise To 30

Commerce Takes Equity Stakes in 7 Chip Companies

The Department of Commerce announced this week it will distribute $874 million in federal funding to seven semiconductor companies and receive a minority ownership stake in each in return, reviving a practice that has drawn pushback from within the Republican Party. The National Institute of Standards and Technology disclosed the arrangements Wednesday in a blog post, saying Commerce’s CHIPS Research and Development Office had signed letters of …

The Trump Admin Will Get a Stake In Six Semiconductor Companies. The Total Will Rise To 30

The Trump administration is set to get a stake in six semiconductor companies, according to a new report

Socialist Regime Takes Stake In Seven More Companies

The Hill reports: The Department of Commerce quietly announced this week it will designate more than $870 million in federal incentives for semiconductor manufacturing in exchange for a minority equity stake in seven companies. In a blog post Wednesday, the National Institute of Standards and Technology (NIST) said Commerce’s CHIPS Research and Development Office signed letters of intent with seven companies to provide a combined $874 million in…

U.S. Quietly Takes Equity Stakes in 7 Private Companies

“The Department of Commerce quietly announced this week it will designate more than $870 million in federal incentives for semiconductor manufacturing in exchange for a minority equity stake in seven companies,” NewsNation reports.

Commerce Department quietly announces 7 new equity stakes in private companies

The Trump government is expanding its ownership of the means of production. Marx would approve.

Financial News Network - Commerce Dept to demand equity from 7 tech companies as a condition to tap into millions in federal funding

The Department of Commerce plans to require seven companies to fork over equity in order to obtain federal funding to develop technology.Read More …