Chip Stocks Fall on Reports White House Seeking Equity in Exchange for Grants
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