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Lawmakers press nominee on CHIPS Act execution and tech hubs funding
Summary
Senators asked Howard Lutnick how he would carry out the CHIPS and Science Act and regional tech hub programs, pressing him on honoring finalized grant contracts and ensuring domestic semiconductor manufacturing and supply chains.
Howard Lutnick, the administrationnominee for secretary of commerce, told the Senate Commerce Committee he would "give you the benefit of the bargain" and work to implement the CHIPS and Science Act if confirmed. Lutnick said the law "is an excellent down payment" to bring semiconductor manufacturing back to the United States.
Why this matters: The CHIPS and Science Act authorized significant federal funds and programs designed to onshore semiconductor manufacturing and strengthen U.S. competitiveness. How the Department of Commerce…
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