US EditionHow 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.
18 Articles
18 Articles
Trump’s big mistake on CHIPS: Backing semiconductors is a sound investment - West Hawaii Today
In his address to Congress, President Donald Trump got it terribly wrong and was hugely hypocritical to assail the bipartisan CHIPS Act as a “horrible, horrible thing.” He claimed, “We give hundreds of billions of dollars and it doesn’t mean a thing. They take our money and they don’t spend it.”
Trump’s call to scrap ‘horrible’ CHIP program spreads panic - Hawaii Tribune-Herald
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.
Herald/Review Media
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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