His remarks were met with applause in a chamber that less than three years ago passed the Chips and Science Act on a bipartisan basis. Vice President JD Vance, whose home state of Ohio won a massive Intel project thanks to the law, stood up to show his support for its revocation.
US President Donald Trump called for ending a bipartisan US$52 billion semiconductor subsidy programme that’s spurred more than US$400 billion ($535.59 billion) in investments from companies like Taiwan Semiconductor Manufacturing Co. and Intel.
“Your Chips Act is horrible, horrible thing,” the president said in a primetime address to Congress on Tuesday. Trump implored US House Speaker Mike Johnson to “get rid” of the legislation and use “whatever is left over” to “reduce debt or any other reason you want to”.
