Subscribe
Technology

Lutnick announces $7.4 billion in cuts to Biden-era CHIPS funding dispenser

By David Zimmermann
Published
Add Washington Examiner on Google

The Trump administration clawed back more than $7.4 billion in taxpayer dollars from a nonprofit group created under the Biden-era CHIPS and Science Act for semiconductor research and development, Commerce Secretary Howard Lutnick announced on Monday.

The 2022 CHIPS Act allocated $11 billion in semiconductor research and development funding to the National Semiconductor Technology Center. Natcast operated the initiative under a long-term partnership with the Department of Commerce, which has been severed.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.

Tag:

Biden Administration Chips Commerce Department Howard Lutnick Semiconductors Trump Administration Washington D.C.