In his recent address, President Trump expressed his desire to cancel the $52.7 billion CHIPS and Science Act, which has been crucial for semiconductor manufacturers’ expansion efforts. He criticized the law for allocating funds to companies that do not utilize them effectively and urged Congress to redirect any leftover funds to reduce national debt. Despite Republican majorities in Congress, opposition may arise due to potential financial losses for states benefiting from the Act. Analysts warn that defunding could hinder production expansion and lead to legal actions from companies relying on promised federal support.

Source: https://www.supplychaindive.com/news/trump-to-kill-chips-act-not-that-simple-defunding/741963/