Opinionated summary:

  • Despite Republican assurances, Trump called the CHIPS Act “horrible” and pushed for its scrapping, creating chaos for an industry already struggling with uncertainty.
  • The Trump administration has already sabotaged the program by laying off key staff and considering changes to the projects, showing its disdain for U.S. industrial growth.
  • Industry leaders, who have already committed billions to U.S. chip production, are now left in limbo, thanks to Trump’s shortsighted, destructive rhetoric.
  • @minnow@lemmy.world
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    10 days ago

    Has he ever given any indication that he knows what the CHIPS Act is? Because I’m 99% sure he’s confusing it with CHIP Children’s Health Insurance Program which iirc is part of social security and we know he’s aiming to get rid of that.