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Trump threatened to abolish the chip law: they took the money but did not spend it, it is better to use it to pay off debt.
Trump stated yesterday that USA lawmakers should abolish the Chips Act, which provides $52.7 billion in subsidies for Semiconductor manufacturing and production, and that this money should be used to pay off debt. Some officials expressed concerns and criticisms regarding Trump's remarks.
Trump's Congressional Address: Taps Elon Musk For Government Overhaul, Revives 'Drill Baby Drill' For Energy Boom
Express News | Trump: Not Going to Give Chipmakers Money from CHIPS Act. The U.S Should Eliminate the Act. TSMC Rises 2.7% in Overnight Trading. Intel and Broadcom Up Over 1%,
Express News | Hong Kong Stocks Rise After China Announced a Series of Economic Targets for 2025 During the Two Sessions
The market may continue its short-term rotation pattern, Siasun Robot&Automation and AI computing power are warming up, and the RISC-V Concept is gaining short-term attention.
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Taiwan Semiconductor Rises As $100 Billion U.S. Expansion Defies Market Downturn