(Bloomberg) The Biden administration’s efforts to revitalize the chip industry have mostly focused on doling out multibillion-dollar grants for domestic factories. But there’s a less-discussed side to the push: turning cutting-edge semiconductor research into a more enticing field for Americans. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on
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The US Commerce Department said late Friday it would scrap plans to fund the programme from the $52.7 billion Chips and Science Act due to "overwhelming demand" for funding awards to subsidize chips production.