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Trump administration will back CHIPS and Science Act hints outgoing Commerce Secretary


Published on 2025-01-19 18:21:15 - MSN
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  • 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.

The article from MSN discusses the Trump administration's support for the CHIPS and Science Act, as hinted by outgoing Commerce Secretary Gina Raimondo. The Act, aimed at boosting domestic semiconductor production, has been a point of bipartisan interest due to its implications for national security and economic competitiveness. Raimondo emphasized the importance of the legislation in reducing reliance on foreign semiconductor supply chains, particularly from Asia, and highlighted that the Trump administration sees the strategic value in enhancing U.S. capabilities in this critical technology sector. This support comes amidst broader discussions on how to fortify America's technological edge and manufacturing base, reflecting a consensus on the need for government intervention in high-tech industries.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/trump-administration-will-back-chips-and-science-act-hints-outgoing-commerce-secretary/ar-AA1xsTea ]
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