GlobalFoundries reassures that its CHIPS Act funding is secure without any equity involvement, amidst U.S. government’s stake in Intel. The government’s equity stake in Intel and deals with Nvidia and AMD underscore Trump administration’s increased role in corporate affairs. Intel’s deal converted CHIPS Act grants into equity, signed to boost semiconductor production and counter China’s influence. Trump previously sought to modify Act conditions. GlobalFoundries plans to expand capacity with its funding, investing $16 billion for over a decade.

Read more at Yahoo Finance: Chipmaker GlobalFoundries says CHIPS Act framework does not involve equity