President Donald Trump has pulled execution of the CHIPS Act under a new entity overseen by Secretary of Commerce Howard Lutnick, who reportedly intends to take a tougher position on the program meant to spur domestic semiconductor manufacturing.
Per an executive order signed by Trump Monday, the newly created United States Investment Accelerator aims to pull back regulations and hasten the permitting process for projects planning over $1B in U.S. investment. 
The new program will also be responsible for the negotiation of “much better CHIPS Act deals than the previous Administration,” according to The White House’s website. 
Lutnick is planning to tinker with…