President Donald Trump signed an executive order on Monday to establish the United States Investment Accelerator, a new office within the Commerce Department designed to expedite investments exceeding $1 billion in the United States. The initiative aims to cut through regulatory obstacles, enhance access to national resources, and promote collaboration with state governments and national laboratories.
The office will oversee the CHIPS Program, focusing on securing more favorable deals for taxpayers than those negotiated by the previous administration. Trump has been a vocal critic of former President Joe Biden’s $52 billion semiconductor subsidy program, branding the bipartisan CHIPS Act as a “horrible thing.”
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