Commerce Secretary Howard Lutnick canceled an Biden administration agreement Monday to distribute billions of dollars for semiconductor research through a nonprofit set up and staffed by former political appointees, according to a letter obtained by The Post. The 2022 CHIPS and Science Act provided for $11 billion in semiconductor research and development funding to be given out by the Commerce Department’s National Semiconductor Technology Center. “Rather than establishing these operations within the Department, however, Biden Administration officials spent significant time, effort, and resources creating an unaccountable, outside entity–Natcast–to administer taxpayer funds,” Lutnick wrote Natcast CEO Deirdre Hanford. Four days before...