The Biden administration has already awarded tens of billions of dollars under the bipartisan CHIPS and Science Act passed in 2022 for the purpose of boosting domestic semiconductor production, but President Donald Trump's return to the White House has sparked speculation over the future of the projects.
Trump slammed the legislation ahead of the election, saying during his interview on "The Joe Rogan Experience" in October, "That chip deal is so bad." The president criticized sending billions of taxpayer dollars to "rich companies" and suggested imposing tariffs on foreign-made chips would be a better way to move production to the U
Couple that with this:
U.S. President Donald Trump announced plans Monday night to impose massive tariffs on Taiwan-made chips in an attempt to incentivize companies to relocate production to the United States. On the one hand, this could reduce American companies' reliance on Taiwan in general and TSMC in particular. On the other hand, building a semiconductor fab takes three to four years, so the effect of production moving to the US due to tariffs may not be felt for some time.
I can hear the prices falling for consumers already.
You are about to be Silicon rich kinds like they did with real estate post covid 🐸