Trump Calls for End to $52 Billion Chips Act Subsidy Program
The US government is on the verge of dismantling a bipartisan $52 billion semiconductor subsidy program that has driven significant investments from major companies like Taiwan Semiconductor Manufacturing Co. and Intel Corp. The program's elimination could have far-reaching implications for the global electronics industry, particularly in the wake of President Trump's recent comments. Industry insiders are already anticipating a shift towards tariffs as a means of reducing reliance on Asian suppliers, a move that could significantly alter the competitive landscape.
- This seismic shift highlights the fluid nature of industrial policy in the US, where competing visions for American economic revival often clash with each other.
- Will the US government's new focus on tariffs over subsidies ultimately lead to increased tensions with its allies and trading partners?