Trump called CHIPS Act “a horrible, horrible thing” & told Congress to kill it. His Commerce Dept used it to grab equity stakes in 7 more private co.’s — $874M worth, announced quietly in a blog post. Young, the Republican who wrote the law: “I don’t know of anyone who thought this was allowed.”
Commerce Department quietly announces 7 new equity stakes in private companiesThe 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 seve…thehill.com