Some of you might have heard that the US government is considering acquiring a stake in Intel . But it seems that their ambitions don’t stop there. According to a report from Reuters , the US government is considering acquiring a stake in Samsung, TSMC, and Micron as well.

US government wants stake in Samsung and TSMC

But before we get to that, let’s look at how the US government plans to acquire its stake in Intel. As part of the CHIPS Act, which was a grant from the US government to help the domestic semiconductor industry. In this case, Intel was a beneficiary. However, under the Trump administration, it is considering acquiring a 10% stake in Intel by converting the $7.9 billion in grants into equity. This won’t give the US government 10%, so they’ll have to make it up elsewhere.

According to the report, this is how the US government plans to acquire its stake in Samsung , Micron, and TSMC. All these companies were also beneficiaries under the CHIPS Act. To date, TSMC is set to get $6.6 billion in grants, while Micron will get $6.2 billion, and Samsung will get $4.75 billion.

It remains to be seen how these companies will react to the US government acquiring a stake in their businesses. Obviously, the money is welcome. However, whether or not this means they’d have to acquiesce more to governmental requests is unclear.

Push for more US manufacturing

It is quite obvious what this move is meant to accomplish. Under the Trump administration, there has been a push for more local manufacturing of tech. Right now, many companies rely on manufacturing from China, India, and Vietnam, just to name a few. However, Trump has imposed tariffs on countries around the world.

This means that US companies that rely too much on other countries could see their costs rise substantially. That is, unless they can find a local US manufacturing partner. So far, companies like Samsung and TSMC have pledged to invest in more facilities in the US . This will allow them to escape the 100% tariff on semiconductors that was announced recently.