Donald Trump: Chips act is a horrible, horrible thing, as we ...
US President Donald Trump has called for the repeal of the 2022 CHIPS Act, which includes $39 billion in subsidies for US semiconductor manufacturing. Despite its success in attracting investments, Trump believes the funds would better serve reducing national debt. Commerce Secretary Howard Lutnick and New York Governor Kathy Hochul defended the act's economic benefits.
US President Donald Trump has called for the repeal of the 2022 CHIPS Act, which includes $39 billion in subsidies for US semiconductor manufacturing. Despite its success in attracting investments, Trump believes the funds would better serve reducing national debt. Commerce Secretary Howard Lutnick and New York Governor Kathy Hochul defended the act's economic benefits.
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