The Trump administration has expanded federal equity investments in strategic sectors since early 2025, using CHIPS Act, Defense Production Act, and related authorities to secure minority stakes or warrants in semiconductors, critical minerals, quantum computing, and defense firms. Notable closed or advanced positions include Intel at roughly 9.9 percent, plus holdings or rights in MP Materials, Lithium Americas, Trilogy Metals, GlobalFoundries, Rigetti, and others, with the portfolio now exceeding 35 companies and $27 billion in commitments. Recent additions through September and early October 2026 include The Elmet Group and Hertha Metals, while President Trump has publicly referenced potential Intel-style arrangements for OpenAI and Anthropic. These patterns shape trader assessments of which listed firms may see binding federal equity agreements resolved by the December 31, 2026 deadline.