Reported about 23 hours ago
Howard Lutnick, President Trump's nominee to lead the agency overseeing a $52 billion semiconductor subsidy, expressed reservations about fully endorsing the Chips Act, suggesting a need for careful review before honoring contracts with companies like Intel and TSMC. While he committed to enforcing existing agreements, he emphasized the importance of revitalizing U.S. semiconductor manufacturing, indicating potential changes in the program under the Trump administration. Despite concerns about delayed funding due to a proposed federal freeze, Lutnick downplayed the impact on the ongoing initiative.
Source: YAHOO