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Trump admin might withhold CHIPS funding from Micron, others

Summary by Syracuse NY

Commerce Secretary Howard Lutnick has signaled he could withhold CHIPS Act funding promised to companies like Micron Technology as he pushes the firms for bigger projects in the U.S., according to Bloomberg.

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Syracuse NY

Center

Trump admin might withhold CHIPS funding from Micron, others

2 days ago·Syracuse, United States

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The Register

Center

US to squeeze firms for investment to get CHIPS Act cash

: Commerce chief threatens to pull grants so firms double down on US spending

2 days ago

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The American Bazaar

Trump to withhold CHIPS Act funding from companies like Micron Technology

President Donald Trump is serious about promoting manufacturing in the United States. Commerce Secretary Howard Lutnick has signaled he could withhold CHIPS Act funding promised to companies like Micron Technology as he pushes the firms for bigger projects in the U.S., according to Bloomberg. What is the CHIPS Act? The CHIPS Act, signed into law in August 2022, aims to boost semiconductor manufacturing in the United States. The law seeks to redu…

8 hours ago

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Transport Topics

Lutnick Fields Rival US Steel Bids by Nippon Steel, Activist

U.S. Commerce Secretary Howard Lutnick has emerged as a key player in determining the future of United States Steel Corp., holding back-to-back meetings with rival bidders for the American steelmaker last week.

1 day ago

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Neowin

The US CHIPS Act in jeopardy as 80 percent of its staff are laid off

The office that oversees distrusting funds for the US CHIPS and Science Act has reportedly laid off 80 percent of its staff. Read more...

1 day ago

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The Stack

US to chips sector - if you want funding, invest more

Funding under the US CHIPS Act will now be overseen by a new Investment Accelerator office pushing companies to make “large investments” in the US, leaving the future of the billion-dollar program more uncertain than ever.Just a few weeks after the US President expressed a desire to scrap the CHIPS Act altogether, Trump signed an executive order putting the act’s funding program under the new office of the Department of Commerce.The office will …

1 day ago

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