On Tuesday, Donald Trump finally made it clear to the Congress that he wanted to kill the chips and the Science Act. This $ 280 billion bilateral law that Biden signed in 2022 to bring more semiconductor manufacturing into the United States and put the country at the forefront of research and innovation.
Trump has long expressed disappointment over the high price of the Chips Act, and said to Congress on Tuesday that it is a “horrible, horrible thing” for “hundreds of billions of dollars” to subsidize companies that he claims to “take our money” and “don’t spend on it” Reported.
Trump said, “You should get rid of the Chips Act, and whatever is left, Mr. Speaker, you should use to reduce the debt.”
Instead, Trump plans to move the United States by encouraging chips manufacturing by punishing the import -dependent firms, which threatens 25 % tariff threats on all semiconductor imports, which may begin with CNBC, April 2. Reported.
The Chips Act should have been the legacy of Biden, and because he preferred it, because Most of the $ 52.7 billion in subsidy criticized by Trump has already finalized. Reuters said that in 2022, Biden approved a $ 39 billion subsidy for semiconductor firms, and in his last weeks, he finalized more than $ 33 billion awards.
The awards are the top of the semiconductor firms, including Taiwan semiconductor manufacturing company (TSMC), micron, Intel, NVIDIA, and Samsung Electronics. Although Trump claims that the chips act is unilateral and only works to benefit firms, According to the semiconductor industry associationThe law increased private investment of $ 450 billion in the mid -2024 states to increase the production of semiconductor.
Officially, in Trump’s cross -hired Chips Act, innovation is likely to be stopped when legislators are anxious whether the law remains or goes. According to Reuters, some officials fear that Trump may interfere with the Biden -bound agreements, in which well -known firms have already ended the bargaining. For example, Micron plans to invest 100 billion in Billion in New York, and TSMC just committed Over the next four years, spending the same spending to expand the construction of American chips fibers, which is already ongoing.