Reported 1 day ago
Former President Donald Trump has called for the repeal of the bipartisan CHIPS Act, which allocates $52.7 billion in subsidies for semiconductor manufacturing, claiming it is ineffective and a misuse of taxpayer money. He suggested that the funds should instead be used to reduce national debt. While the act, signed by President Joe Biden in 2022, has sparked significant investments in U.S. chip production, concerns arise about Trump's potential to dismantle agreements made under the previous administration.
Source: YAHOO