Back to today’s briefing

Story perspectives

Trump Administration's CHIPS Act Revamp Sparks Industry Anxiety

4/2/2025

31 3

Summary

Story summary

The Trump administration is set to revamp the US CHIPS Act, originally designed to inject $52.7 billion into semiconductor manufacturing. Commerce Secretary Howard Lutnick is considering withholding grants unless companies boost their investments, creating anxiety for giants like Intel and TSMC. This move could jeopardize America's edge in technology and innovation.

1 of 1

Story summary

The Trump administration is set to revamp the US CHIPS Act, originally designed to inject $52.7 billion into semiconductor manufacturing. Commerce Secretary Howard Lutnick is considering withholding grants unless companies boost their investments, creating anxiety for giants like Intel and TSMC. This move could jeopardize America's edge in technology and innovation.