US Chips Grants: Lutnick May Withhold Subsidies in Push for Bigger Investments

US Chips Grants: Lutnick May Withhold Subsidies in Push for Bigger Investments

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For your information, you can find below the description of the video US Chips Grants: Lutnick May Withhold Subsidies in Push for Bigger Investments published by the Youtube channel Bloomberg Television:

US Commerce Secretary Howard Lutnick has signaled he could withhold promised Chips Act grants as he pushes companies to substantially expand their US projects, according to people familiar with the matter. His goal is to generate tens of billions of dollars in additional semiconductor investment commitments without increasing the size of federal grants, said the people. The Commerce Department didn’t respond to requests for comment. Bloomberg's Tom Mackenzie reports.
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