Tech war: Trump administration reviews terms underpinning Chips Act awards, sources say
The White House is reportedly seeking to renegotiate awards under the US Chips and Science Act, potentially delaying some semiconductor disbursements. Sources familiar with the matter indicate that the new administration is reviewing projects funded by the 2022 law, which allocated US$39 billion in subsidies to bolster American semiconductor production.
Washington's plan to renegotiate deals stems from an assessment and potential changes to current requirements. GlobalWafers, a Taiwanese company slated to receive US$406 million in grants for projects in Texas and Missouri, stated that the Chips Programme Office is reviewing conditions that may not align with President Trump's executive orders and policies. While GlobalWafers hasn't been directly notified of changes, they are scheduled to receive subsidies only upon achieving specific milestones later in 2025.
via SCMP Full Text Feed
The White House is reportedly seeking to renegotiate awards under the US Chips and Science Act, potentially delaying some semiconductor disbursements. Sources familiar with the matter indicate that the new administration is reviewing projects funded by the 2022 law, which allocated US$39 billion in subsidies to bolster American semiconductor production.
Washington's plan to renegotiate deals stems from an assessment and potential changes to current requirements. GlobalWafers, a Taiwanese company slated to receive US$406 million in grants for projects in Texas and Missouri, stated that the Chips Programme Office is reviewing conditions that may not align with President Trump's executive orders and policies. While GlobalWafers hasn't been directly notified of changes, they are scheduled to receive subsidies only upon achieving specific milestones later in 2025.
via SCMP Full Text Feed
