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.
I know Trump is the biggest moron ever to hold the office but this is stupid.
While I’m not a fan of how some of Congress bought stocks before the CHIPS act was passed, the idea of building new in-countty chip manufacturing is one of the smartest things I can give credit to Biden passing. To the point I have to wonder why no one before him pushed for it.
Is it the greatest bill ever made? We don’t even know how successful it will be, building chip fab sites is expensive and time consuming. I don’t think any of them are up yet.
But this would do nothing but kill the jobs of not just the construction, chip making and programming, but also the local areas affected by the workers of this new location.
I know his whole “Make America great again” thing has always been a lie, I’ve been having more than room temperature in Michigan IQ points since 2015. But I don’t get how this makes any sense. To the point if Trump did it in 2016, I’d question why someone would scrap it unless they found major holes in budgeting or the bill was hyper exact for certain things that are just bad writing for laws.
Genuinely, I don’t know why he’s doing this. (I know why, he’s trying to remove the US as a player of international interests).
Especially when you consider that we’re on the precipice of an AI and ARM revolution, which is kicking off a whole new race in chip design and demand.
As the saying goes, when a gold rush hits, be the guy selling shovels.
Yet trump is here during the gold rush taking a loss on the shovels we have in order to buy the mineral rights for the air.