Recipients of the Prize of the Law on Chips and Science of the US Government may not receive the amount that they initially promised. In accordance with ReutersThe Trump administration seeks to evaluate and change the current requirements of the Pickle Law. After that, he must revise some transactions awarded by the Biden administration. It also indicated a delay in some payments that are already planned, Reuters said. The press secretary of the GlobalWaFers based in Taiwan said that the management of the program notified the company that the policy of the chips law is under consideration, since certain conditions do not comply with Trump's executive orders. GlobalWafers is one of the programs of the program that was supposed to get grants in the amount of $ 406 million.
Former President Joe Biden I signed the act of chips In 2022, to increase the production of semiconductors in the United States. While every reception has different milestones that they need to achieve to get grants, the goal is to force them to build a new foundry and update the existing in the country. The Trump administration is reported that he is concerned about many requirements of the previous administration for recipients. Sources of the news organization reported that they include the provisions added to the contracts by the Biden team, including the requirements for the use of trade union labor when creating factories and for providing factory workers with affordable child care. The White House is also not happy that some companies, such as Intel, announced the expansion plans in China after it is chosen as a recipient.
The US government has not yet announced any changes in the policies of the chips law, so it is not yet clear how vast they will be and how previous transactions will be affected. Bloomberg Last year, he said that the Biden administration rushed to complete the transactions with recipients after Donald Trump won the presidential election. Trump in the past criticized the program, Calling it “bad” And to argue that an increase in tariffs will attract chips companies without the government to pay some grants.
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