A private entity constructed by the Biden administration to perform semiconductor research and chock full of Biden administration members is being terminated.
Commerce Secretary Howard Lutnick announced Monday that that the National Institute of Standards and Technology will operate the National Semiconductor Technology Center, booting the National Center for the Advancement of Semiconductor Technology Center, known as Natcast.
As noted by the New York Post, the CHIPS Act called for the Commerce Department’s NSRTC to dole out $11 billion in semiconductor research funding. But what was not required was the way in which Natcast was created to provide soft landings for Biden administration employees, Lutnick said.
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“From the very beginning Natcast served as a semiconductor slush fund that did nothing but line the pockets of
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