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Lawmakers and the microchip industry are struggling to respond to President Donald Trump’s sudden demand that Congress “get rid of” the landmark CHIPS and Science Act, a popular $52.7 ...

“Your CHIPS Act is a horrible, horrible thing,” Trump said. “We give hundreds of billions of dollars and it doesn’t mean a thing.” Signed in August 2022, the bipartisan CHIPS Act was a ...

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United States President Donald Trump in his joint address to Congress on Tuesday (March 4) attacked the 2022 CHIPS and Science Act, telling lawmakers to “get rid” of the law. The Act was enacted to ...

Trump called on Congress to scrap the "horrible" $52 billion CHIPS Act on Tuesday. It's not likely to happen. There's little GOP appetite to repeal it, and Democrats like the law. Plus ...

"And we are not giving them any money," Trump claimed. With regard to the semiconductor subsidy scheme, he said: "Your CHIPS Act is a horrible, horrible thing. We give hundreds of billions of dollars ...

President Donald Trump during his address to Congress on Tuesday said lawmakers should "get rid" of the 2022 CHIPS Act that paved the way for the $28 billion Intel project in New Albany.

Why it matters: Donald Trump wants to kill off the Chips Act, the 2022 bipartisan law that is handing out $52.7 billion in subsidies to help bring semiconductor manufacturing back to the US.

His remarks were met with applause in a chamber that passed the Chips and Science Act less than three years ago. Vice President JD Vance, whose home state of Ohio won a massive Intel project ...