Lates News

According to two sources, the Trump administration is considering a plan to reallocate at least $20 billion from the "chip bill" to fund critical mineral projects and enhance the influence of Commerce Secretary Ross in the strategic industry. The proposed move would extract funds from appropriations for semiconductor research and chip factory construction to avoid new spending requests. Strengthening Ross's role in financing critical minerals is expected to help focus the government's overall strategy on the industry. White House officials pushed for this practice after the investment in rare earth company MP Materials at the Pentagon last month sparked discussions on US government mineral strategies. (Golden Ten Data App).