Trump admin might withhold CHIPS funding from Micron, others
6 Articles
6 Articles
Trump admin might withhold CHIPS funding from Micron, others
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.
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…
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 …
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