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The Trump administration keeps taking stakes in chipmakers — it may come back to haunt them

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These ongoing entanglements raise the question of whether the government is best positioned to help these companies prosper. The Trump administration is planning to buy a direct stake in yet another chip technology company. Earlier this week, the Commerce Department announced that it had signed a letter of intent to buy up to $150 million of xLight, a startup that focuses on lithography, a critical part of the semiconductor-manufacturing process.