{"id":23630,"date":"2025-03-10T13:58:34","date_gmt":"2025-03-10T14:58:34","guid":{"rendered":"http:\/\/medexperts.pro\/?p=23630"},"modified":"2025-03-10T15:26:02","modified_gmt":"2025-03-10T15:26:02","slug":"trumps-call-to-scrap-horrible-chip-program-spreads-panic","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=23630","title":{"rendered":"Trump\u2019s Call to Scrap \u2018Horrible\u2019 Chip Program Spreads Panic"},"content":{"rendered":"
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The president\u2019s attack on the key tenet of the Biden administration\u2019s industrial policy has set off concerns that he may claw back its funding.<\/p>\n

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As President Trump addressed Congress last week<\/a>, he veered off script to attack a sensitive topic, the CHIPS Act, a bipartisan law<\/a> aimed at making the United States less reliant on Asia for semiconductors.<\/p>\n

Republican lawmakers had sought and received reassurances over the past few months that the Trump administration would support the program Congress created. But halfway through Mr. Trump\u2019s remarks, he called the law a \u201chorrible, horrible thing.\u201d<\/p>\n

\u201cYou should get rid of the CHIP Act,\u201d he told Speaker Mike Johnson<\/a> as some lawmakers applauded.<\/p>\n

The CHIPS program was one of the few things to unite much of Washington in recent years, as lawmakers on both sides of the aisle worked with private companies to draft a bill that would funnel $50 billion<\/a> to rebuild the U.S. semiconductor industry, which makes the foundational technology used to power cars, computers and coffee makers. After President Joseph R. Biden, Jr. signed it into law in 2022<\/a>, companies found sites in Arizona, New York and Ohio to construct new factories. The Commerce Department vetted those plans and began to dole out billions of dollars in grants.<\/p>\n

Now, Mr. Trump is threatening to upend years of work<\/a>. Chip company executives, worried that funding could be clawed back, are calling lawyers to ask what wiggle room the administration has to terminate signed contracts, said eight people familiar with the requests.<\/p>\n<\/div>\n<\/div>\n

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After the speech, Senator Todd Young, the Indiana Republican who championed CHIPS, said he reached out to the White House to seek clarity about Mr. Trump\u2019s attack because the criticism was \u201cin tension\u201d with the administration\u2019s previous support.<\/p>\n<\/div>\n<\/div>\n

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Senator Todd Young, the Indiana Republican who championed CHIPS, said he reached out to the White House to seek clarity about Mr. Trump\u2019s attack, which he said was \u201cin tension\u201d with the administration\u2019s previous support.<\/span>Eric Lee\/The New York Times<\/span><\/span><\/span><\/figcaption><\/figure>\n<\/div>\n<\/div>\n
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The president\u2019s attack on the key tenet of the Biden administration\u2019s industrial policy has set off concerns that he may claw back its funding.As President Trump addressed Congress last week, he veered off script to attack a sensitive topic, the CHIPS Act, a bipartisan law aimed at making the United States less reliant on Asia for semiconductors.Republican lawmakers had sought and received reassurances over the past few months that the Trump administration would support the program Congress created. But halfway through Mr. Trump\u2019s remarks, he called the law a \u201chorrible, horrible thing.\u201d\u201cYou should get rid of the CHIP Act,\u201d he told Speaker Mike Johnson as some lawmakers applauded.The CHIPS program was one of the few things to unite much of Washington in recent years, as lawmakers on both sides of the aisle worked with private companies to draft a bill that would funnel $50 billion to rebuild the U.S. semiconductor industry, which makes the foundational technology used to power cars, computers and coffee makers. After President Joseph R. Biden, Jr. signed it into law in 2022, companies found sites in Arizona, New York and Ohio to construct new factories. The Commerce Department vetted those plans and began to dole out billions of dollars in grants.Now, Mr. Trump is threatening to upend years of work. Chip company executives, worried that funding could be clawed back, are calling lawyers to ask what wiggle room the administration has to terminate signed contracts, said eight people familiar with the requests.After the speech, Senator Todd Young, the Indiana Republican who championed CHIPS, said he reached out to the White House to seek clarity about Mr. Trump\u2019s attack because the criticism was \u201cin tension\u201d with the administration\u2019s previous support.Senator Todd Young, the Indiana Republican who championed CHIPS, said he reached out to the White House to seek clarity about Mr. Trump\u2019s attack, which he said was \u201cin tension\u201d with the administration\u2019s previous support.Eric Lee\/The New York TimesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":23632,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-23630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/23630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23630"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/23630\/revisions"}],"predecessor-version":[{"id":23633,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/23630\/revisions\/23633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/23632"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}