06:51 AM EDT, 04/01/2025 (MT Newswires) -- Microchip companies set to receive US grant money under the Biden administration are stuck in limbo after the Trump administration warned it could withhold funds unless the companies expand US operations, Bloomberg reported Tuesday, citing people familiar with the matter.

Commerce Secretary Howard Lutnick is demanding that firms such as Taiwan Semiconductor Manufacturing ( TSM ) , Intel ( INTC ) , Micron Technology ( MU ) , GlobalFoundries ( GFS ) , and Texas Instruments ( TXN ) that won awards from the 2022 Chips and Science Act invest more in the US.

The report said Lutnick hopes to pressure semiconductor companies into investing more in the US without increasing federal grants.

Taiwan Semiconductor Manufacturing ( TSM ) recently disclosed plans to invest $100 billion in US plants in addition to previous commitments.

The Commerce Department and the companies did not immediately reply to MT Newswires' request for commerce.

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