Trump administration reportedly eyes renegotiating CHIPS Act awards

MT HANNACH
3 Min Read
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The prices of the prices of the US chips and science may not obtain the amount which has been initially promised to them. According to ReutersThe Trump administration seeks to assess and modify the current requirements of the flea law. After that, he should renegotiate some of the transactions granted by the Biden administration. He also indicated a delay in some of the disbursements which are already planned, Reuters said. A spokesperson for Globalwafers, based in Taiwan, said that the company had been informed by the program office that flea law policies were being examined, because certain conditions do not align with the Trump executive orders. Globalwafers is one of the winners of the program which was to receive $ 406 million in grants.

Former President Joe Biden Signed the law on fleas in law in 2022 to stimulate the production of semiconductors in the United States. Although each winner has different milestones that they must reach to obtain subsidies, the objective is to bring them to build new foundries and upgrade those existing in the country. The Trump administration would be concerned about many of the requirements of the previous administration for beneficiaries. They include clauses added to the Biden team contracts, the sources of the press organization said, including the requirements to use the unionized workforce when building factories and to provide workers of the affordable daycare plant. The White House is not happy either that certain companies, like Intel, announced expansion plans in China after being chosen as a beneficiary.

The US government has not yet officially announced the changes in the policies of the flea law, so it is not yet clear to what extent they will be extended and how previous transactions will be affected. Bloomberg Last year, the Biden administration rushed to finalize the agreements with the beneficiaries after Donald Trump won the presidential elections. Trump criticized the program in the past, call him “bad” And argue that the increase in prices would attract flea companies without the government having to grant subsidies.

This article originally appeared on engadget on https://www.engadget.com/computing/trump-dministing-reportly Eyes-renegotiatiatiatiatiatia-chips-ct-wards-143035924.html? SRC = RSSS

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