Commerce Secretary Howard Lutnick testifies at a House Appropriations Committee hearing on President Donald Trump’s budget request for the Department of Commerce, in Washington on June 5, 2025. Leah Millis /Reuters
Share prices 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 share prices dropped by 7 percent, Micron share prices fell by 4 percent, and Taiwan Semiconductor Manufacturing Co. (TSMC) share prices slid by 1.8 percent on Aug. 20. Share prices of Nvidia and Advanced Micro Devices (AMD) declined by 0.14 percent and 0.8 percent, respectively.
