Trump administration renegotiating "overly generous" Biden Chips Act grants
WASHINGTON, June 4 (Reuters) - The Trump administration is renegotiating some "overly generous" grants to semiconductor firms that were signed as part of the Chips Act under former President Joe Biden, U.S. Commerce Department Secretary Howard Lutnick said at a hearing on Wednesday.
Some of the awards "just seemed overly generous, and we've been able to renegotiate them," he told lawmakers. "Are we renegotiating? Absolutely, for the benefit of the American taxpayer," he added.
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Daily Mail
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Daily Mail
an hour ago
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The Independent
an hour ago
- The Independent
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