Trump’s Commerce Pick Leaves CHIPS Act Direction Unclear
Lutnick Says He Will Study Contracts Before Committing Fully
Lutnick testifies before the Senate Commerce Committee on Jan. 29. (Rod Lamkey Jr./Associated Press)
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President Donald Trump’s pick to lead the agency in charge of a $52 billion semiconductor subsidy program declined to give it unqualified support, raising questions about the disbursement of funds to companies like Intel Corp. and Taiwan Semiconductor Manufacturing Co.
“I can’t say that I can honor something I haven’t read,” Howard Lutnick, Trump’s nominee for commerce secretary, said of the binding CHIPS Act awards in a confirmation hearing Jan. 29. “To the extent monies have been disbursed, I would commit to rigorously enforcing documents that have been signed by …
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