Former President Donald Trump has urged Congress to repeal the CHIPS and Science Act, calling it a 'horrible, horrible thing.' The law, which provides funding to boost domestic semiconductor manufacturing, has led to major investments from companies like Micron and Intel.
However, many Republican lawmakers are resisting Trump's push, with Senate aides indicating there is little appetite to undo the bipartisan legislation. Trump suggested reallocating CHIPS Act funds to reduce national debt, but GOP leaders appear unwilling to take up the fight.
The law remains a key part of U.S. efforts to compete with China in semiconductor production.
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