Lawmakers Urge Raimondo to Bolster Oversight of CHIPS Funding Disbursement

Monday, 1 July 2024, 15:38

Lawmakers are pressuring Commerce Secretary Gina Raimondo to increase oversight of the distribution of CHIPS funding. BAE Systems and Intel face scrutiny for the timing of CHIPS funds and stock buybacks. The call for tighter enforcement reflects concerns over the allocation of crucial semiconductor resources.
CNBC
Lawmakers Urge Raimondo to Bolster Oversight of CHIPS Funding Disbursement

Democrats Call for Enhanced Oversight on CHIPS Funding

Lawmakers urge Commerce Secretary Gina Raimondo to strengthen supervision of CHIPS funds distribution.

Stock Buybacks Under Scrutiny

  • BAE Systems and Intel face scrutiny over the timing of CHIPS funds and stock buybacks.

The push for greater enforcement highlights concerns over the allocation of semiconductor resources.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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