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.

Do you want to advertise here? Contact us

Related posts

Do you want to advertise here? Contact us
Do you want to advertise here? Contact us
Newsletter

We carefully select news from the world of finance and publish it for our users. We understand the importance of reliable and up-to-date information for people in the financial world. Do you want to receive news in a convenient format and always have it at hand — subscribe to our newsletter and make your analytical work more effective.

Subscribe