Micron Technology (NASDAQ:MU) stock is trending on Wednesday as reports surfaced that the U.S. government is weighing taking equity stakes in leading chipmakers like Samsung Electronics (OTC:SSNLF), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), and Micron in exchange for CHIPS and Science Act subsidies.
U.S. Commerce Secretary Howard Lutnick is exploring ways for Washington to secure ownership in companies receiving federal funding to build semiconductor plants, Reuters reported Wednesday.
