Former President Donald Trump has urged Congress to repeal the CHIPS and Science Act, calling it a 'horrible, horrible thing.' The law, which provides funding to boost domestic semiconductor manufacturing, has led to major investments from companies like Micron and Intel.
However, many Republican lawmakers are resisting Trump's push, with Senate aides indicating there is little appetite to undo the bipartisan legislation. Trump suggested reallocating CHIPS Act funds to reduce national debt, but GOP leaders appear unwilling to take up the fight.
The law remains a key part of U.S. efforts to compete with China in semiconductor production.
.Here are the top political news stories for today.
So Trump wants to kill American manufacturing jobs and let China dominate the semiconductor industry? Glad to see even Republicans aren’t taking this nonsense seriously.
Government shouldn't be in the business of picking winners and losers—let the free market decide which companies succeed instead of handing out taxpayer-funded corporate welfare.
@ISIDEWITH1yr1Y
Trump to Congress: You should get rid of the ‘horrible, horrible’ CHIPS Act
Washington – President Donald Trump on Tuesday night called for Congress to repeal the CHIPS and Science Act, the law that convinced Micron Technology to spend up to $100 billion building computer chip plants in Central New York.
Join in on more popular conversations.
