Taiwan Semiconductor Manufacturing Co. is weighing the option of acquiring a majority stake in Intel Corp.'s factories at the urging of Trump administration officials, according to Bloomberg News. The proposal, put forth by Trump's team in recent meetings as reported by Bloomberg, found TSMC receptive to the suggestion. Meanwhile, the Biden administration is currently reassessing U.S. CHIPS Act initiatives and revisiting certain initial terms, as disclosed by sources familiar with the situation.
Intel, a recipient of $2.2 billion under the CHIPS Act, disclosed a $300 million investment in a Chinese facility, prompting concerns at the White House over foreign expansions and funding agreements.