chips and science act

Trump Calls for CHIPS Act Repeal, Slams ‘Horrible’ Subsidies

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Trump Calls for CHIPS Act Repeal, Slams ‘Horrible’ Subsidies

Image: Gage Skidmore U.S. President Donald Trump has called on Congress to “get rid of” the 2022 CHIPS and Science Act, arguing the semiconductor funding law funnels billions to foreign companies without meaningful returns for the U.S. Speaking during a joint address to Congress on March 4, Trump criticized the act’s $39 billion in semiconductor … Read more

China Terms $52 Billion US CHIPS And Science Act Threat to Trade: Details

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China Terms Billion US CHIPS And Science Act Threat to Trade: Details

China on Wednesday criticized a US law to encourage processor chip production in the United States and reduce reliance on Asian suppliers as a threat to trade and an attack on Chinese business. The law signed this week by President Joe Biden promises $52 billion (roughly Rs. 4,11,300 crore) in grants and other aid to investors in US chip factories. … Read more