
U.S. Secretary of Commerce: Redesigning Chipmaker Subsidy Policy to Attract Domestic Investment
U.S. Secretary of Commerce Howard Lutnick stated that the Trump administration is renegotiating agreements with semiconductor manufacturers under the 2022 CHIPS Act to ensure better subsidy policy terms to attract more domestic investment.
Lutnick mentioned that Taiwan Semiconductor (TSM.US) will add an additional $100 billion on top of the previously committed $65 billion, but has not received any additional funding from the U.S. government, implying that the U.S. government may not fulfill some of the planned investment commitments
