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... Proposed cuts at a key US government agency will likely mean the demise of CHIPS Act funding, which could effectively end the program and undermine efforts to reshore semiconductor manufacturing and research to the US.

Axios and Bloomberg on Tuesday reported that the National Institute of Standards and Technology (NIST) plans to cut 497 jobs this week. NIST, a non-regulatory agency within the US Department of Commerce (DoC), helps drive innovation and industrial competitiveness and oversees the CHIPS for America program.

Robert Maire, president of consulting firm Semiconductor Advisors, wrote in a blog post that the plan to cut NIST staff isn't "bluff or negotiation tactic." Instead, the layoffs signal a complete shift in direction under US President Donald J. Trump, he said. ...