Commerce Dept. Voids $7.4B Biden-Era Semiconductor Deal

The Commerce Department said Monday it will take control of $7.4 billion in semiconductor research funds, saying that the private nonprofit established under the Biden administration "served as a semiconductor slush fund."

Aug 25, 2025 - 23:00
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Commerce Dept. Voids $7.4B Biden-Era Semiconductor Deal
The Commerce Department said Monday it will take control of $7.4 billion in semiconductor research funds, saying that the private nonprofit established under the Biden administration "served as a semiconductor slush fund."

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