Trump calls for an end to the CHIPS Act in speech to Congress

President Donald Trump On Tuesday, the Congress called on the Congress to eliminate the Subsidies of Production Objects in the United States, citing a new investment in Taiwan’s semiconductor production Co..

“Your chips act is a terrible, terrible thing. We give hundreds of billions of dollars and that doesn’t mean something. “You have to get rid of the action of chips and whatever left, Mr. Speaker, you have to use it to reduce the debt. or do you want another reason? “

Trump previously criticized the chips, promoting the election, saying “Joe Rogan’s experience” in October that “the chip deal is so bad.” The President criticized billions of dollars to “rich companies” and proposed forced tariffs, a better way to move the United States on foreign chips.

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President Donald Trump called on Congress to eliminate the chips in his message to Congress. (Win McNene / POOL / AFP VIA GETTY Images / Getty Images)

House spokesman Mike Johnson, R-Los, in November, told the Republicans that the Republicans “probably try to eliminate the chips”, but later entered the legislation to “cancel” the legislation.

The law passed the Congress and then the President Joey Biden signed in 2022, although the majority of the Republicans were against the two chambers in both chambers.

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Afterwards, President Joe Biden is behind the table, next to the chief executive director of Intel, as they walk around the wafers of the chips when they walk around Chandler, 2024 in Chandler, 2024. (Brendan SmiaSki / AFP GETTY Images / Getty Images)

The Chip Act provided a total of $ 53 billion Federal incentives The goal is to produce more internal semiconductor, as well as research and development of advanced chips.

A total of $ 39 billion has been established for the project implemented by the Department of Commerce, which provides financial support in the existing new or expanding existing semiconductor facilities.

According to the Chips Program Office of the Chips Program, more than $ 36 billion awarded chips activation on January 23, 2025.

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The flag of America at the Intel Ocotillo Campus, in Chandler, Arizona, on March 20, 2024. (Cassidy Araiza / Bloomberg Getty Images / Getty Images)

In addition to investments related to chips, the semiconductor industry association noted that as of August 2024, about $ 450 billion had been invested in private.

TSMC, which produces most of the most advanced chips in the world, received grants of $ 6.6 billion from chips Falsifications in ArizonaA number

It has also previously announced investments, $ 65 billion to expand its Arizona facilities until its announcement for the construction of $ 100 billion in Phoenix area.

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Trump announced last month that he plans to impose Tariffs on semiconductor import It will be “25% or higher” and rise during the year, although he does not mention when he will announce these tariffs and does not provide other details.

Fox Business Brkk Dumas contributed to this report.