Former Wall Street rainmaker leads purge of US chips subsidies agency

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The former Best Wall Street Banker and the long-term Elon Musk Ally managed to pursue the US government’s office, accused of carrying billions of dollars in semiconductor subsidies.

The Chips Office, the three-year-old agency, in the heart of the United States, who is trying to return to America, has become the last target of Trump’s Administration on the government bureaucracy.

Last week, Michael Grims, former Morgan Stanley’s Investment Bank, who helped finance the acquisition of a $ 44 billion Twitter, and a small circle with the staff selected in the Chips office.

Grims and his team celebrate the workers at the office, sitting at the Faculty of Trading, which they are looking for a certain job profile they wanted to maintain.

“They were like mathematical questions.” What is four forces four? “Said a man. Another said that they asked them questions about their “mental abilities.” Third described the interviews that covered the senior staff as a “behavior.”

The last minute pressure on the weekends against the preliminary plans of everyone’s axlay, but the members of five trial staff led to 22, finally saved.

But dozens of employees of one or two-year probationary contracts have been stopped sharply, reflecting the instructions from the Personnel Management Office in January. clarified Tuesday by administration.

The office used to have about 150 employees. The dismissal of this personnel came up with a number that had already chosen to accept the delayed resignation.

This cessation included the entire “Foreign and Government” team, as well as the policy consultants in its strategy, said the people. Some employees already wrote to the agency’s leadership on Tuesday, demanding recovery.

The senior administration official confirmed that Grims met with the staff, but said that decisions for who would settle, and that he had been one-sided.

Grimm covers a set of the former General Council, on the fifth floor of the trade board, the next door of the trade secretary, Howard Lutnik, according to the person familiar with the question.

“Everyone is very cagey about what is the most,” they said. “This is not a psychological healthy place.”

Grimm is in the first weeks of the second government’s second career, with Morgan Stanley for three decades, where he has been one of the brand star investment bankers.

He led the stock exchange lists for several technology companies, mostly wins the mandate, which is led by Uber IPO after working on one of his drivers.

Recently, several muska allies were recently placed in the agencies of the US government, which were posed by sliced ​​expenses and staff. Similar efforts have been made AmatoryThe Department of Veterans, GSA and Even the Defense Department, have left thousands of management employees, and billions of dollars have arisen.

In his speech at Tuesday, Trump described the 2022 chip act, one of his previous Joe Biden’s flagship policies as a “terrible thing”. He said.

Bothered the US Chipmaker Intel and Taiwan TSMC: There are one of the largest beneficiaries of chips and have already received funding for large construction projects.

According to them, $ 7.9 billion and $ 6.6 billion have been allocated with Intel to receive an additional $ 3 billion through the Faculty of Defense. Samsung in South Korea has been allocated $ 4.8 billion. All three companies refused to comment.

People familiar with the Trump team and industry are saying that they can only manipulate what the last steps mean to the program, it is now unclear if they should expect a full processing of subsidies or a more measurement of each transaction.

But they added that there are still a key staff, which should monitor the distribution of subsidies, which is still in place.

“President Trump was given to the American people to restore the recovery, restore the common meaning in the government and to restore its American’s first economic policy in tariffs and feedback.

“Historical TSMC $ 100 Billion The statement shows the real, tangible results that the Trump administration approaches the American people, “he added.

Additional reports of Demetri Sevantopulo, Joe Miller and Arash Masudi