Since Trump's first term, Washington has been trying to onshore more of the advanced semiconductor supply chain from Asia, support its domestic players and limit China's capabilities.
Although tax provisions in Trump's sweeping policy bill expand on those in the Biden administration's CHIPS Act, his overall approach to the semiconductor industry has been different.
Earlier this year, the president even called for a repeal of the CHIPS Act, though Republican lawmakers have been reluctant to act on that front. Still, U.S. Commerce Secretary Howard Lutnick said last month that the administration was renegotiating some of the Biden administration's grants.