Reported 5 days ago
The White House is reportedly looking to renegotiate the existing conditions of the US CHIPS and Science Act, initially established to bolster domestic semiconductor production with $39 billion in subsidies. Sources indicate that President Trump's administration is reviewing the terms of the agreements and may introduce new requirements, particularly concerning union labor and childcare provisions. This shift comes amid frustrations over companies leveraging CHIPS Act funds while pursuing expansions abroad, including in China.
Source: YAHOO