Trump Criticizes CHIPS Act

This is a US news story, published by Computerworld, that relates primarily to Donald J. Trump news.

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Computerworld

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Will the CHIPS Act survive a Trump presidency?

Summary

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83% Informative

CHIPS Act allocates billions of dollars in funding and tax incentives to semiconductor companies to help bring chip manufacturing back to the U.S. President-elect Donald J. Trump has made no bones about it: legislation passed under Biden Administration could be on the chopping block.

Trump said the US should have put tariffs on overseas semiconductor makers instead of funding new fabrication (fab) plants.

CHIPS Act has spurred $450 billion in private investment across 28 states, creating 58,000 jobs.

Chip designers and makers have pledged about $300 billion in current and future projects in the US .

Micron plans to invest $100 billion to build a memory chip fabrication plant in upstate New York .

The US share of global semiconductor production has fallen from 37% to just 12% in 30 years .

China 's share of chip manufacturing has grown nearly 50% over the past two years .

Over the next three to four years , as new fabrication, packaging and R&D centers are built on US soil, the cost of production of semiconductors is likely to rise by 10% to 20% .

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Neutral language

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formal

Language

English

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not offensive

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not hateful