Biden Administration Rushes to Finalize CHIPS Act Funding

As Bloomberg reported, the White House is rushing to wrap up deals with chipmakers like Intel, Samsung and Micron Technology.

But Geoffrey Gertz, a senior fellow in the energy, economics and security program at the Center for a New American Security, doesn’t think Republicans are going to repeal this funding. He said he expects to see continued announcements from the Commerce Department in the upcoming weeks.

“I’m skeptical that either the Trump administration or congressional Republicans will make a concerted effort to roll back or alter CHIPS Act funding in any serious way,” Gertz said.

“There’s generally broad, bipartisan support for investing in American manufacturing capabilities in this critical sector, and politically there’s a reason why you rarely see governments withdraw already approved subsidies.”

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