U.S. Secretary of Commerce Howard Lutnick testifies before a House Appropriations Committee hearing on U.S. President Donald Trump’s budget request for the Department of Commerce, on Capitol Hill, on June 5, 2025. Leah Millis /Reuters
Shares of major semiconductor companies fell sharply on Aug. 20 following reports that the Trump administration is considering taking equity stakes in some chipmakers in exchange for federal funding provided under the CHIPS and Science Act.
Intel shares dropped by 7 percent, Micron shares fell by 4 percent, and Taiwan Semiconductor Manufacturing Co. (TSMC) shares slid by 1.8 percent on Wednesday. Nvidia and AMD shares also declined, down by 0.14 percent and 0.8 percent, respectively.
