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@ Layer3.news
2025-03-05 19:41:00
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TRUMP CALLED THE CHIPS ACT A 'HORRIBLE THING.' CUTTING OFF FUNDING MIGHT NOT BE SO STRAIGHTFORWARD.
https://s.yimg.com/ny/api/res/1.2/TRc_d0AwjCQ8LmDtVXgYug--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://s.yimg.com/os/creatr-uploaded-images/2025-03/cf8d2b10-f9ef-11ef-97fb-f5469bfec428
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✍️ President Trump expressed skepticism about the $52.7 billion CHIPS Act, calling it a 'horrible, horrible thing' and suggesting it be repealed, but a source close to the act says there are no plans to kill it.
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👉 President Trump expressed skepticism about the CHIPS Act
👉 Trump suggested repealing the act and using the funds for other purposes
👉 A source close to the act says there are no plans to kill it
👉 The Commerce Department has already allocated or paid out some $36 billion of the funds
👉 The law aims to bring chip manufacturing back to the US
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#PresidentTrump #MikeJohnson #Biden #UnitedStates #SoutheastAsia #Arizona #technology
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