Trump’s administration to invest in a business that will financially benefit him

The Trump administration is moving forward with plans to invest in another independent company, continuing a pattern of government involvement in businesses that are often promoted as part of the free market. Critics note this approach seems contradictory to the administrations public opposition to socialism and the conservative ideology that champions private enterprise over government ownership.

This latest development involves the Commerce Departments announcement of a deal with xLight, a firm working on extreme ultraviolet lithography equipment, which is crucial for producing advanced semiconductors. According to a statement released Monday, the department will provide up to $150 million in federal incentives to xLight under the CHIPS and Science Act legislation previously criticized by President Trump in exchange for $150 million in equity in the company.

Commerce Secretary Howard Lutnick described the initiative as a move to support technology capable of fundamentally changing chip manufacturing, calling it a prime example of the CHIPS program in action. Reports from the Wall Street Journal indicate this deal could make the federal government xLights largest shareholder.

The situation highlights a paradox: a program that the president has openly criticized is now being used to channel taxpayer funds into a semiconductor company, potentially benefiting an industry connected to Trump and his familys tech investments. Observers suggest this reflects a unique interpretation of free market principles under the current administration.

Author: Noah Whitman