‘Semiconductor slush fund’: How the Trump admin seized control of Biden’s $7.4 billion chips initiative
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Sep 30, 2025, 5:00 am96 ptsSAN FRANCISCO — A $7.4 billion tech initiative devised as the linchpin of America’s semiconductor resurgence is in limbo after the Commerce Department abruptly yanked its funding, triggering mass layoffs and pushing a group the Biden administration chose to lead the effort to the brink of…
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