It appears that the Trump Administration may kinda sorta support the CHIPS Act. Which is something they’ve seemed reluctant to say because of the CHIPS Act’s association with the Biden Administration… because you know, everything the Biden Administration did is bad and only the Trump Administration does good things.
Donald Trump and his backers were hardly fans of the Biden administration’s CHIPS and Science Act during the election campaign, yet the next U.S. government does not plan to reverse it. At least, that’s the impression the next U.S. Commerce Secretary, Howard Lutnick, gave to outgoing Secretary Gina Raimondo, Bloomberg reports.
Before the election, Trump criticized the CHIPS Act, labeling it highly flawed and proposing tariffs as an alternative. But Lutnick, his chosen appointee for the position who will inherit program management from Raimondo, has indicated that he plans to continue with its implementation.
In a recent meeting with Raimondo, Lutnick expressed his commitment to the CHIPS and Science initiative, according to remarks Raimondo shared during a staff gathering last week, published by Bloomberg. Neither the Commerce Department nor Trump’s transition team, responded when asked for clarification.
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If Republicans do support the CHIPS Act it’ll be good for everybody. It’ll be good for Intel, it’ll be good for domestic manufacturing, it’ll be good for research and development, it’ll be good for national security, it’ll be good for you.
The CHIPS Act of course was implemented by the Biden Administration and is probably one of the best things they did when it comes to national security. Which is a little sad but whatever. That fact seems to irritate the Trump Administration leading to waffling about the CHIPS Act. Hopefully the waffling will stop at some point because like I said the CHIPS Act is good for everyone.
We’ll have to see how things go.