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Exclusive-Trump prepares to change US CHIPS Act conditions, sources say. Mike Stone, Fanny Potkin and Wen-Yee Lee. February 13, 2025 at 12:03 PM. By Mike Stone, Fanny Potkin and Wen-Yee Lee.
Taiwan also dispatched two senior economic affairs officials to Washington to meet with the Trump administration in a bid to potentially fend off a 100% tariff Trump has threatened to impose on chips.
The CHIPS and Science Act is a U.S. federal statute enacted by the 117th United States Congress and signed into law by President Joe Biden on August 9, 2022. The act authorizes roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States, for which it appropriates $52.7 billion.
When the Chips Act passed, CEO Sanjay Mehrotra said the legislation would enable Micron to grow domestic memory production from less than 2% to up to 10% of the global market over the next decade ...
Since taking office, Trump has said he would place tariffs on foreign production of computer chips and semiconductors in order to return chip manufacturing to the U.S. The president and Republican lawmakers have also threatened to end the CHIPS and Science Act, a sweeping Biden administration-era law that also sought to boost domestic production.
When the CHIPS and Science Act passed in 2022, it had bipartisan support. But the law has emerged as a point of contention between Republicans and Democrats in the final days of the election ...
On Monday Harris swung by a Michigan facility run by a company that is set to receive $325 million from the law, formally known at the 2022 CHIPS and Science Act. Of Trump's remarks and the law ...
President-elect Donald Trump has criticized the CHIPS Act in favor of tariffs. Intel will receive about $7.9 billion in federal grants, the US Department of Commerce said Tuesday, ...