The Trump Administration could retain financing for flea fleas financing in Micron, others

Commerce secretary Howard Lunick said that he could refuse funding for the flea law promised to companies such as Micron technology while pushing businesses for larger projects in the United States, according to Bloomberg.

Lutnick wants companies that have won the flea financing to start larger investments. The objective is to generate billions more in commitments without increasing the size of grants, said Bloomberg.

Bloomberg has attributed the possible movements to eight people familiar with the issue.

The Lunick team suggested that it could delete the subsidies that have already been agreed, said Bloomberg. But the secretary also expressed interest in extending a 25% tax credit from the flea law, which is more for most companies that run subsidies.

Large changes in the tax credit would require convention measures, said Bloomberg.

Lutnick previously said that he planned to review flea prices. And Trump signed a decree on Monday which focused on negotiating the Better Chips Act agreements, according to Bloomberg.

Micron and other large semiconductor companies won billions of federal aid during the Biden administration to build chip factories in the United States under the flea law. The law was adopted in 2022 with bipartite support and put aside $ 52 billion in incentives to encourage companies to build in the United States.

Trump repeatedly criticized the law, a signature of the presidency of Biden, and described it as a bad deal. He said Congress should get rid of it.

Micron announced plans in 2022 to build four massive flea factories in the city of Clay. The site, if it were fully built, would use 9,000 people. Officials said the project would lead to 40,000 other derivative jobs in the region.

Micron is online for billions of dollars in taxpayers for the project, including the Federal level, New York State and Local York Governments.

Micron officials said on several occasions that incentives, including financing the flea law, were essential to his clay project.

Micron public funds have so far won by applying only to the first two flea factories in its plans.

The company said it was planning to disrupt the first factory later this year and recently submitted a key environmental study on the project.

In addition to micron, TSMC, Intel, Samsung, Globalfoundries and Texas Instruments have all won the financing of the flea law.

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