According to CNBC, Donald Trump is unlikely to change the CHIPS Act after taking office, despite many opposing statements during the campaign.
The CHIPS Act (Creating Helpful Incentives to Produce Semiconductors) is an important policy of the US government to support the domestic chip manufacturing industry. This act not only provides grants but also includes tax incentives for companies that invest in domestic chip manufacturing.
Although Mr. Trump attacked the act during his election campaign, arguing that the government should not interfere too deeply in the market, experts say that maintaining the CHIPS Act is necessary to protect the economic interests and national security of the United States.
Currently, many large technology companies such as Intel and TSMC are benefiting from this law by building chip factories in the US. Experts also point out that Mr. Trump could continue the CHIPS Act with some minor adjustments, instead of completely changing it.
Mr. Trump is known for his domestic manufacturing priorities, and keeping the CHIPS Act would fit perfectly with his “America First” agenda. In addition, the semiconductor industry plays a vital role in many areas from military to civilian, so keeping the act intact would make sense to ensure that the US does not fall behind competitors like China.
Analysts expect him to maintain financial support and incentives to attract chipmakers to invest in the U.S. This also helps protect domestic supply chains from disruptions and impacts from global trade tensions.
Keeping the CHIPS Act intact could help the U.S. semiconductor industry thrive, continue to create jobs, and remain competitive. Many companies have committed to investing heavily in chip manufacturing facilities in the U.S., and consistent policy would give businesses more confidence in expanding production.
If there are changes to policy, they are likely to be regulatory and oversight adjustments rather than a complete repeal of the law. This shows that the Trump administration can flexibly adapt to the country’s economic and strategic needs. Experts say that regardless of Trump’s stance, supporting the semiconductor industry remains a strategic priority, especially in the context of fierce technological competition with China.
