US Commerce Department Allocates $874 Million to Seven Semiconductor Firms with Equity Stakes

US Commerce Department semiconductor equity funding CHIPS and Science Act GlobalFoundries Kepler

The U.S. Department of Commerce announced that it will distribute up to $874 million in federal funding to seven semiconductor companies under the CHIPS and Science Act, receiving a minority, non‑controlling equity stake in each firm. The largest award, up to $300 million, goes to GlobalFoundries, while AI‑memory developer Kepler will receive up to $245 million and equipment maker Multibeam Corp. up to $140 million. The remaining funds are divided among Extropic, Thintronics, Obsidia Semiconductors and Aeluma Inc. Commerce Secretary Howard Lutnick said the arrangement will “enhance our country’s domestic capabilities, create high‑paying jobs and keep America at the forefront of the semiconductor industry.” The equity‑stake model echoes a 2025 Trump‑era deal that gave the government a 10 percent stake in Intel, which was criticized by Republican Senator Todd Young for exceeding the intent of the CHIPS Act.

Entities

CHIPS and Science Act · GlobalFoundries · Howard Lutnick · Kepler · MediaTek Inc. · Taiwan · U.S. Department of Commerce

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The funding will be provided in exchange for a minority, non‑controlling equity stake in each company. americanfaith.com · news.cnyes.com
[● 2 SOURCES] The equity‑stake approach mirrors a 2025 Trump‑era deal that gave the government a 10 percent stake in Intel, which was criticized by Republican Senator Todd Young. americanfaith.com · news.cnyes.com
[● 2 SOURCES] Multibeam Corp. will receive up to $140 million. americanfaith.com · news.cnyes.com
[● 2 SOURCES] Commerce Secretary Howard Lutnick defended the equity arrangement, saying it will enhance domestic capabilities and create high‑paying jobs. americanfaith.com · news.cnyes.com
[● 2 SOURCES] Extropic, Thintronics, Obsidia Semiconductors and Aeluma Inc. will split the remaining funds. americanfaith.com · news.cnyes.com
[● 2 SOURCES] The U.S. Department of Commerce will provide up to $874 million in federal funding to seven semiconductor companies. americanfaith.com · news.cnyes.com
[● 2 SOURCES] GlobalFoundries will receive up to $300 million, the largest award. americanfaith.com · news.cnyes.com
[● 2 SOURCES] Kepler will receive up to $245 million. americanfaith.com · news.cnyes.com