How Trump could potentially claw back CHIPS funding
- Donald Trump criticized the CHIPS Act during a recent speech, calling it a 'horrible, horrible thing' and suggesting it should be eliminated.
- As a result of Trump's remarks, chip company executives began consulting lawyers to explore potential options for clawing back funding and terminating contracts.
- The CHIPS Act, signed by Joe Biden in 2022, aimed to strengthen U.S. Semiconductor manufacturing with $52.7 billion in funding.
- Some Republican lawmakers expressed confusion over Trump's position and its implications for national security and bipartisan efforts in Washington.
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Trump’s Call to Scrap ‘Horrible’ Chip Program Spreads Panic
WASHINGTON — As President Donald Trump addressed Congress last week, he veered off script to attack a sensitive topic, the CHIPS Act, a bipartisan law aimed at making the United States less reliant on Asia for semiconductors.
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Total News Sources18
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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