The White House is reevaluating CHIPS and Science Act awards, focusing on contracts aimed at boosting domestic semiconductor production with $39 billion in subsidies. Officials have indicated that some conditions, especially those differing from former President Trump's policies, are under review. Companies like Taiwan's GlobalWafers, poised to receive significant funding, await clarity on how changes might affect their agreements. Concerns have been raised regarding requirements such as using unionized labor and supporting affordable childcare for workers, impacting the semiconductor industry's operations and funding structures.
The CHIPS Program Office has told us that certain conditions that do not align with President Trump's executive orders and policies are now under review for all CHIPS Direct Funding Agreements.
The White House is concerned about many of the terms underpinning the $39 billion Chips and Science Act industry subsidies.
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