U.S. Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip manufacturers that receive CHIPS Act funding to build factories in the country, two sources said.

US commerce secretary Howard Lutnick has said that Intel must give the US government an equity stake if the company wants to receive its CHIPS and Science Act funding.

U.S. Commerce Secretary Howard Lutnick is said to be exploring how the U.S. can receive equity stakes in firms such as Micron, Taiwan Semiconductor Manufacturing Co. and Samsung.