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flag The U.S. Commerce Department cancels a $7.4B semiconductor grant, shifting control to oversight to enforce "Buy American."

flag The U.S. Commerce Department has canceled a $7.4 billion semiconductor research grant deal made under the Biden administration. flag The department now says the National Institute of Standards and Technology will oversee the funds directly, citing better management and adherence to the "Buy American" policy. flag This move has faced criticism from the tech industry for potentially weakening U.S. competitiveness in the global semiconductor market.

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