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last mo.

Trump Calls for Repeal of Bipartisan CHIPS Act in Congressional Address

The president criticized the 2022 semiconductor subsidy law, arguing it provides ineffective handouts and should be redirected to reduce national debt.

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US President Donald Trump gives a speech at a joint session of Congress at the US Capitol in Washington. Photo: dpa
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Overview

  • President Donald Trump urged Congress to repeal the CHIPS and Science Act during his first joint address since beginning his second term.
  • The 2022 bipartisan law allocated $52.7 billion in subsidies to boost U.S. semiconductor manufacturing and reduce reliance on foreign supply chains.
  • Trump argued the subsidies were wasteful and suggested reallocating remaining funds to pay down national debt.
  • The CHIPS Act was a key achievement of the Biden administration, credited with attracting major semiconductor investments and addressing national security risks.
  • Some lawmakers and state officials expressed concern over potential impacts on already finalized agreements, including large investments in U.S. chip facilities.