Trump Administration Poised to Reassess CHIPS Act Funding and Policies

As President-elect Donald Trump prepares to take office for a second term, his administration signals plans to refine the CHIPS and Science Act while emphasizing a continued push for domestic semiconductor production. The Biden administration has been actively allocating funding under the CHIPS Act, but Trump's incoming team is expected to review and possibly adjust grant distributions and incentive structures to better align with its economic and geopolitical priorities.

A key focus of the Trump administration’s commentary centers on the origins of the CHIPS Act, which was first conceptualized during his initial presidency. Advocates of the program. . .