Chip Stocks Fall As White House Reportedly Seeks Equity For CHIPS Grants
1. U.S. may seek equity stakes in firms under CHIPS Act grants. 2. Intel could see government acquire a potential 10% equity stake. 3. Intel's shares fell over 1% following the news. 4. SoftBank agreed to purchase $2 billion in Intel stock at $23. 5. Trump criticizes Biden's CHIPS Act, calling it a 'horrible' deal.