Well, it seems like the US’s CHIPS Act incentive might just see its demise under the current government, as it is claimed that the brains behind it have either left or got fired by DOGE.
Trump Previously Claimed the CHIPS Act Has Given Hundreds of Billions To Companies, Without Any Real Benefit, Called To End It
The CHIPS Act, introduced under the Biden administration, was seen as the first step by the US to restore its status as the dominating chip country. The primary aim of the incentive was to bring chip production to the country, and with it, we saw the likes of TSMC, Intel, and many others opening up new facilities in the region. However, US President Donald Trump hasn’t been a fan of the initiative at all, claiming that companies got the
US CHIPS Act Getting Scrapped By Trump Administration Now Looks Imminent; Over 80% of Staff Laid Off, Courtesy of Elon’s DOGE
