WASHINGTON, Jan 29 (Reuters) - U.S. President Donald

Trump's nominee for Commerce secretary Howard Lutnick said on

Wednesday that the Biden-era subsidies for U.S. semiconductor

manufacturing are an "excellent down payment" but need review.

"I think they're an excellent down payment as a structure. I

think we need to get it right," Lutnick told a confirmation

hearing before the U.S. Senate Commerce, Science and

Transportation Committee. "I think we need to review them and

get it right. But as the way that Congress has said it, it's an

excellent down payment in our ability to bring semiconductor

manufacturing back to America."