Reported 4 days ago
President Trump's proposed changes to the CHIPS Act, including new tariffs on semiconductor imports, could hinder the U.S. tech industry's growth in artificial intelligence. Experts warn that such tariffs may lead to increased costs for consumer products reliant on chips, ultimately hurting both manufacturers and customers. The Biden administration's CHIPS Act aimed to boost domestic chip production and mitigate supply chain issues, but Trump's approach could undermine these efforts, jeopardizing the U.S.'s competitive edge in AI and causing significant economic ramifications.
Source: YAHOO