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President Donald Trump’s administration is renegotiating some of former President Joe Biden’s grants to semiconductor firms, U.S. Commerce Secretary Howard Lutnick said at a hearing on Wednesday, suggesting some awards may be axed.
Some of the Biden-era grants “just seemed overly generous, and we’ve been able to renegotiate them,” Lutnick told lawmakers on the Senate Appropriations Committee, adding the goal was to benefit American taxpayers.
“All the deals are getting better, and the only deals that are not getting done are deals that should have…
