Story perspectives

Trump Slams CHIPS Act Amid Intel Investment Controversy

11/30/2025

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Summary

Story summary

In March 2025, President Donald Trump criticized the CHIPS and Science Act of 2022, calling it a "horrible, horrible thing."
The act, passed under President Joe Biden, allocated $52 billion to enhance domestic semiconductor production.
Early grants often funded projects that would have advanced without federal support.
Trump later used CHIPS funding to acquire a 10% stake in Intel, shifting financial risks to taxpayers.
This raised concerns about accountability and the effectiveness of the CHIPS Act under both administrations.

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Story summary

In March 2025, President Donald Trump criticized the CHIPS and Science Act of 2022, calling it a "horrible, horrible thing."
The act, passed under President Joe Biden, allocated $52 billion to enhance domestic semiconductor production.
Early grants often funded projects that would have advanced without federal support.
Trump later used CHIPS funding to acquire a 10% stake in Intel, shifting financial risks to taxpayers.
This raised concerns about accountability and the effectiveness of the CHIPS Act under both administrations.