Lutnick voids $7.4B semiconductor grant to Biden nonprofit

On January 16, 2025, what action did Secretary of Commerce Gina Raimondo take to establish the National Center for the Advancement of Semiconductor Technology (Natcast)?

Following Commerce Secretary Howard Lutnick’s voiding of the $7.4 billion NATCAST agreement on August 25, 2025, which federal agency assumed direct operational responsibility for the National Semiconductor Technology Center?

On August 25, 2025, what criticism did Commerce Secretary Howard Lutnick level against NATCAST’s staffing composition when voiding its $7.4 billion semiconductor research grant agreement?

According to Reuters reporting on August 20, 2025, besides Intel, which CHIPS Act grant recipients is the Trump administration seeking equity stakes from in exchange for federal funding?

What will happen to the more than 9,000 individuals enrolled in Natcast-funded semiconductor workforce training programs now that Commerce Secretary Howard Lutnick has voided Natcast’s agreement and directed the National Institute of Standards and Technology to take over operations?