Are you sure congress didn’t authorize this ? i.e. actually specified that the money could only be used for grants and could not be used for equity purchases?
> The Department of Commerce is authorized to provide funding in various forms, including grants, cooperative agreements, loans, and loan guarantees, in exercising its Section 9902 authorities
AFAICT the relevant section of law says it is up to the Secretary of Commerce to determine the funding type to be used for the semiconductor financial assistance
> The Department of Commerce is authorized to provide funding in various forms, including grants, cooperative agreements, loans, and loan guarantees, in exercising its Section 9902 authorities
https://www.congress.gov/crs-product/R47523
AFAICT the relevant section of law says it is up to the Secretary of Commerce to determine the funding type to be used for the semiconductor financial assistance
https://www.congress.gov/116/plaws/publ283/PLAW-116publ283.p...
See my other comment : https://news.ycombinator.com/item?id=44995799