Trump renegotiating Biden-era Chips Act grants, Lutnick says

, By The Economic Times
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President Donald Trump’s administration is renegotiating some of former President Joe Biden’s grants to semiconductor firms, U.S. Commerce Secretary Howard Lutnick said at a hearing on Wednesday, suggesting some awards may be axed.

Some of the Biden-era grants “just seemed overly generous, and we’ve been able to renegotiate them,” Lutnick told lawmakers on the Senate Appropriations Committee, adding the goal was to benefit American taxpayers.

“All the deals are getting better, and the only deals that are not getting done are deals that should have…



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Trump renegotiating Biden-era Chips Act grants, Lutnick says

, Published By The Economic Times
Tech


President Donald Trump’s administration is renegotiating some of former President Joe Biden’s grants to semiconductor firms, U.S. Commerce Secretary Howard Lutnick said at a hearing on Wednesday, suggesting some awards may be axed.

Some of the Biden-era grants “just seemed overly generous, and we’ve been able to renegotiate them,” Lutnick told lawmakers on the Senate Appropriations Committee, adding the goal was to benefit American taxpayers.

“All the deals are getting better, and the only deals that are not getting done are deals that should have…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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VC firm Paradigm backs $5.2m seed funding for crypto firm 3Jane
Next News
Zepto Eyes 2026 Listing, Snitch’s INR 500 Cr Revenue Run & More
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