US Commerce Secretary Lutnick said his department has had success renegotiating Chips Act grants signed under the previous administration, Reuters reports. Some of the grants "seemed overly generous, and we've been able to renegotiate them," he said, adding the only deals not getting done “are deals that should have never been done in the first place.” He cited TSMC’s decision to greatly expand its USA investment as one example of a successful renegotiation. $Taiwan Semiconductor(TSM.US) #semiconductors #semiconductor

Source: Dan Nystedt