US President Donald Trump wants to kill the Chip and Science act to reduce debt

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“We should get rid of the chip act, and whatever is leftover, we should use it to reduce debt or any other reason you want to” Donald Trump said in his first address to the joint session of the Congress after returning as US President in 2025.

The move would hit companies like Texas Instruments ($1.6 billion grant approved as of Jan 2025), Korea’s Samsung ($4.75 billion in grants),  Intel (over $7 billion in grants), and Taiwanese giant TSMC ($6.6 billion in grants and $5 billion in loans), according to data from the Semiconductor Industry…



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US President Donald Trump wants to kill the Chip and Science act to reduce debt


“We should get rid of the chip act, and whatever is leftover, we should use it to reduce debt or any other reason you want to” Donald Trump said in his first address to the joint session of the Congress after returning as US President in 2025.

The move would hit companies like Texas Instruments ($1.6 billion grant approved as of Jan 2025), Korea’s Samsung ($4.75 billion in grants),  Intel (over $7 billion in grants), and Taiwanese giant TSMC ($6.6 billion in grants and $5 billion in loans), according to data from the Semiconductor Industry…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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