Face Trump? Grofangde: The funds of the Chip Act are not affected, and the framework does not involve stocks

A few days after the US government acquired 10% of Intel's shares, chip manufacturing manufacturer Grolfon Del said on the 27th that the funds of the "Chips and Science Act" (CHIPS Act) are "completely unaffected" and the framework does not involve any form of equity.

Grovet Financial President John Hollister pointed out at the Deutsche Bank Technology Conference that the company is receiving government funds in accordance with the milestone progress of the bill.

The U.S. government invested 10% of Intel last week, which has caused doubts about the prospects of American companies, as Trump said he planned to promote more similar transactions. Considering Intel's shareholding and its split agreement with NVIDIA and AMD, it shows that the Trump administration is increasingly involved in corporate affairs.

The "Diamond and Science" bill was signed into law by former President Biden in 2022 to enhance the manufacturing and production capabilities of the US semiconductor, but the Trump administration believes that the bill is "a waste of tax money" and seeks to amend some of the conditions of the bill, which is inconsistent with his executive order.

This year, Grofontaine increased its investment plan to US$16 billion, and spent an additional US$1 billion on capital expenditures, as well as a research on the number of new chip technology investments of US$3 billion. Financial manager Hollister also said that the investment will cover spending more than ten years of spending.

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