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      "text": "Lutnick has also flirted with taking a stake in Samsung and TSMC. But the fact that the USG is getting involved in the private sector by drawing on a strategy normally reserved for crises is a change in precedent. Tax breaks and subsidies, the tools the USG has normally used to focus the private sector, may give way to a new strategy of direct investment by the USG. Some CEOs, Republicans, and others have been rumored to have deep concerns about the deal.",
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      "text": "Unexpectedly, Sen. Bernie Sanders (I-VT) agreed with Lutnick that taxpayers should see a return from the US’s heavy investments in domestic chip manufacturing.",
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      "text": "Besides tariffs, one of the new non-CHIPS strategies includes acquiring equity in chipmakers. After accusing the newly-installed Intel CEO, Lip-Bu Tan, of being “highly-conflicted” because of $200M+ investments in Chinese companies, Trump had the US Gov acquire a 10% stake in the struggling chipmaker in return for ~$8.9B of earmarked CHIPS grants. This isn’t the first time the US bought a stake in a company to promote national interests (see US Steel, AIG, and GM). The move replaces the failed Intel and TSMC joint venture that Trump and Lutnick pushed. Is this opportunism or the start of a wider US industrial policy?",
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