Trump wants to kill $52.7 billion semiconductor chips subsidy law

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Trump wants to kill $52.7 billion semiconductor chips subsidy law

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Trump wants to kill $52.7 billion semiconductor chips subsidy law

//politics-government.news-articles.net/content/ .. 2-7-billion-semiconductor-chips-subsidy-law.html

Published in Politics and Government on Wednesday, March 5th 2025 at 0:00 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

President Donald Trump said Tuesday U.S. lawmakers should get rid of a landmark 2022 bipartisan law to give $52.7 billion in subsidies for semiconductor chips manufacturing and production and use the proceeds to pay debt.

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The article from MSN discusses former President Donald Trump's opposition to the CHIPS and Science Act, a $52.7 billion initiative aimed at boosting domestic semiconductor production in the U.S. Trump has criticized the law, suggesting it represents corporate welfare and has vowed to repeal it if he returns to office. He argues that the subsidies will benefit large corporations at the expense of taxpayers, potentially leading to corruption and inefficiency. This stance comes at a time when there is bipartisan support for enhancing U.S. competitiveness in technology against countries like China, highlighting a significant policy divergence within the Republican Party. Trump's comments reflect his broader critique of government spending and intervention in the economy, positioning him against what he perceives as unnecessary government aid to big business.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/news/politics/trump-wants-to-kill-52-7-billion-semiconductor-chips-subsidy-law/ar-AA1AgoLA ]