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US seizes control of $7.4 billion semiconductor fund, calls Biden-era nonprofit illegal | The future of US semiconductor research projects are now unclear after the takeover


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U.S. gov't seizes $7.4 billion semiconductor research fund created under Biden admin, calling it 'illegal' | Lutnick says fund 'served as a semiconductor slush fund that did nothing but line the pockets of Biden loyalists with American tax dollars'

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