Trump likely to uphold CHIPS Act despite his campaign rhetoric, policy experts say
President elect Donald Trump is unlikely to roll back the Biden administration’s CHIPS and Science Act, despite his campaign rhetoric on the bill, experts say.
President-elect Donald Trump is unlikely to roll back the Biden administration's CHIPS and Science Act, despite his campaign rhetoric on the bill, experts say.
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The legislation, which provides incentives for chipmakers to set up manufacturing in the U.S., became a point of contention in the final month of the election cycle.
Trump criticized the bill and its price tag. House Speaker Mike Johnson, a Republican, then said that his party "probably will" try to repeal the law. Johnson later walked the statement back.
Still, the key Biden policy, which has massive implications for Asian chips makers like TSMC and Samsung, is likely safe in the near term, according to chip experts.
Despite signaling he's "not thrilled" about the bill, Trump is probably not going to roll it back, Paul Triolo, senior vice president for China and technology policy lead at Albright Stonebridge, told CNBC's "Squawk Box Asia" on Thursday.
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