Trump Calls for End to $52 Billion Chips Act Subsidy Program
President Donald Trump called for an end to a landmark $52 billion semiconductor subsidy program that’s spurred more than $400 billion in investments from companies like Taiwan Semiconductor Manufacturing Co. and Intel Corp.
The Chips Act is a “horrible, horrible thing,” the president told Congress on Tuesday, to applause in the chamber. He implored US House Speaker Mike Johnson to “get rid” of the law and use whatever was left over to “reduce debt or any other reason you want to.”
US CHIPS Act office lays off about a third of its staff, sources say
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Reporting by Karen Freifeld, David Shepardson and Alexandra Alper; Editing by Paul Simao
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Al Green was ordered removed from the chamber after he refused to sit down.
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