Intel Rival Skywater technology is praised by Trump’s participation strategy
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President Donald Trump Pushes a new economic strategy: the US government is taking direct participation in large American companies. He argues that it is a way to strengthen the country by strengthening industries that feed prosperity and safeguards national security.
The first big example came last week, when the White House announcement The government now has almost 10% of Intel. The California -based flea manufacturer had received federal subsidies to stimulate American production, but these funds have now been converted into a share of official property.
The US government has historically offered loans, tax reductions or contracts to private companies – but possessing actions in them is much less common, which could go on the questions of Trump’s approach and how Intel competitors can see this decision.
LIP-BU TAN, Director General of Intel Corp., leaves following a meeting at the White House in Washington, DC, United States, Monday, August 11, 2025. (Alex Wroblewski / Bloomberg / Getty Images)
One of these competitors, Skywater Technology, a minnesota-based semiconductors’ foundry with deep ties with the defense sector, praised the previous one while highlighting its American footprint.
“We consider equity participations as an important tool to guarantee responsibility when taxpayers’ dollars support companies whose global structures raise questions about the long-term advantages of the United States,” Fox News Digital Ross Miller, Vice President Commercial Director and A&C, told Fox News Digital.
He contrasted that with Skywater’s position as a fully national manufacturer: “Heaven water is different-we are whose service in the United States and the United States, without foreign ownership or tangle.”
“Each dollar invested here directly strengthens the American infrastructure, labor and independence,” added Miller.
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For the future, he said Skywater hopes to deepen collaboration with the Trump administration to extend interior capacities in fundamental chip technologies – proven manufacturing methods that always feed reliable systems in planes, cars, defense, biomedical equipment and even quantum IT.
An employee wearing a white room suit walks inside the Globalfoundries semiconductive manufacturing installation in Malta, New York, Tuesday, June 18, 2024. (Cindy Schultz / Bloomberg / Getty images)
Skywater is not the only American flea manufacturer to be affected by Trump’s new approach. Globalfoundries, based in New York, a semiconductor manufacturer, operates large-scale flea fabrics in New York and Vermont. Supported by federal funding, these sites play a central role in American efforts to bring more production of domestic fleas.
Given the FAB supported by the federal government on American soil, the world foundries could become a candidate for agreements related to the resilience of Trump semiconductors.
Likewise, Micron Technology, which invests tens of billions of dollars to build fabrics of memory flea in New York and Idaho with the support of Chips Act Funding could also be taken into account. The company based in Boise, in Idaho, has positioned itself as an cornerstone of American efforts to restore leadership in the manufacture of advanced memory.
Globalfoundries and Micron did not immediately respond to the request for comments from Fox News Digital.
Building workers 51 Fab Clean Room Area at the headquarters of Micron Technology Inc. in Boisse, Idaho, Monday, June 10, 2024. (Images Kyle Green / Bloomberg / Getty)
Trump on Monday suggested that it was just the start. “I hope that I will have much more cases like that,” he told journalists at the White House, suggesting that his administration could conclude similar agreements in other sectors.
But not everyone considers movement to be positive.
“It is a bad policy and the most blatant example to date of the inclination of the administration to socialism. It is an unprecedented decision, so I hesitate to make predictions,” explained Jai Kedia, a researcher at the center for the monetary and financial alternatives of the Cato Institute.
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Kedia has also warned that policy could be “favoritism towards large companies that can negotiate agreements with the executive at the expense of small and medium -sized enterprises which do not have the political weight to conclude such transactions”.
