Intel’s rival Sky Technology pays tribute to Trump’s equity strategy

president Donald Trump A new economic strategy is being promoted: let the U.S. government bet directly among major U.S. companies. He believes this is a way to make the country stronger by strengthening industries that promote prosperity and safeguard national security.

The first big example was last week, when the White House Announce The government now owns nearly 10% of Intel. The California-based chipmaker has received federal grants to boost U.S. production, but the funds have now been converted into a formal ownership share.

Trump defends $11B Intel shares, saying he will make a “all-day” deal

The U.S. government has historically provided loans, tax breaks or contracts for private companies — but owning stocks is not common in the process, questioning how far Trump’s attitude might be taken and how Intel’s competitors view the move.

One of the competitors, Skywater Technology, a Minnesota-based semiconductor foundry, has deep ties to the defense sector, and welcomes precedent while highlighting its national footprint.

“When taxpayer funds support questions about the long-term interests of the global structure, we see equity shares as an important tool to ensure accountability,” Ross Miller, mid- and senior vice president of business and A&D business, told Fox News Digital.

He formed a sharp contrast with the status of the sky, which is a family Manufacturer: “The weather is different – we are operated by our headquarters and in the United States, with no foreign ownership or entanglement.”

“Every dollar invested here directly enhances the infrastructure, workforce and independence of the United States,” Miller added.

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Looking ahead, he said Skywater hopes to deepen its collaboration with the Trump administration to expand domestic capabilities of basic chip technology – a proven manufacturing method that can still power reliable systems in aircraft, automobiles, defense, biomedical equipment and even quantum computing.

An employee in a clean room suit walked inside the Globalfouldries semiconductor manufacturing plant in Malta, New York on Tuesday, June 18, 2024. (Image from Cindy Schultz/Bloomberg/Getty)

Skywater isn’t the only American chipmaker that could be affected by Trump’s new approach. New York GlobalFoundries is a semiconductor manufacturer that operates large chip wafer fabs in New York and Vermont. Supported by federal funding, these sites play a central role in the U.S.’s efforts to bring back more domestic chip production.

Given the company’s federally-backed fabs on U.S. land, GlobalFoundries could be a candidate for equity deals related to Trump’s semiconductor resilience targets.

Similarly, Micron Technology is investing billions of dollars to build memory chip factories in New York and Idaho Chip method Funding may also be considered. The Idaho-based Boise company positioned itself as the cornerstone of America’s efforts to restore advanced memory manufacturing.

GlobalFoundries and Micron did not immediately respond to Fox News Digital’s request for comment.

Workers in the area of ​​51 Fab Clean Room, Micron Technology Inc. Building, Boise, Idaho on Monday, June 10, 2024. (Kyle Green/Bloomberg/Getty Images)

On Monday, Trump suggested that this was just the beginning. “I hope I will have more cases like this,” he told White House reporters, suggesting that his administration could reach similar deals in other departments.

But not everyone thinks this move is positive.

“This is the government’s policy of socialism and the most obvious example. It’s an unprecedented move, so I hesitate to make any predictions.”

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Cadia also warned that the policy could show “a preference for large companies that can negotiate deals with executives while sacrificing small and medium-sized companies with no political influence to arrange such deals.”