Administration Trump It intends to review the criteria of the Act chips and renegotiate the agreements established by the Biden government. The initiative can reduce promised amounts to companies and delay already scheduled transfers, impacting US chips production.
The decision comes after a reevaluation of the current requirements of the program. According to Reuters, Trump’s team seeks to align Act chips guidelines with new executive orders. The Taiwanese Globalwafers, which would receive $ 406 million, has already been informed about changes in progress.
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The goal of Trump chips and criticism
The chips and science act was signed by Joe Biden in 2022 to boost semiconductor manufacturing in the United States. The legislation provides for subsidies to companies that build new factories and modernize existing ones.
However, Trump has criticized the program, claiming that incentives should be replaced by imported chips tariffs. He also opposes requirements such as hiring union labor and benefits such as accessible day care centers.
Possible impacts of changes in the chip industry
The government has not yet formally announced what changes will be made in Chips Act. But there is fear that cuts in subsidies and contractual revisions affect the expansion of companies such as Intel, which has already announced investments in China even after receiving incentives.
From 25% to 100%: Donald Trump wants to impose rate on chips manufactured in Taiwan
Reuters pointed out that the Biden administration ran to finalize agreements before Trump’s inauguration, fearing the new government barred the benefits. Now, with the possible renegotiation, the future of billionaire investments in the US chip industry is uncertain.
Source: Reuters
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Source: https://www.adrenaline.com.br/hardware/trump-planeja-revisar-acordos-do-chips-act-e-preocupa-industria-de-semicondutores/
