by Brandon Ladd

Wed, March 5th 2025 at 10:35 PM

‘Get rid of the CHIPS Act,’ President Trump puts Micron funding in doubt

WASHINGTON, D.C. — President Donald Trump told a joint session of Congress he wants to end the CHIPS Act.

“Taiwan semiconductor, the biggest in the world, most powerful in the world, has a tremendous amount, 97% of the market. Announced a $165 billion investment to build the most powerful chips on Earth right here in the USA. And we’re not giving them any money. Your chips Act is a horrible, horrible thing. We give hundreds of billions of dollars, and it doesn’t mean a thing. They take our money and they don’t spend it. All that meant to them we’re giving them no money. All that was important to them was they didn’t want to pay the tariffs, so they came in the building and many other companies are coming. We don’t have to give them money. We just want to protect our businesses and our people, and they will come because they won’t have to pay tariffs if they build in America. So it’s very amazing. You should get rid of the CHIPS Act and whatever is left over, Mr. Speaker, you should use it to reduce debt. Or any other reason you want to.”

The bipartisan legislation passed during the Biden Administration that lured Micron to agree to build a massive plant in Central New York.

Micron has a $6.1 billion deal with the commerce department to facilitate the building of a semi-conductor chip manufacturing facility in Clay.

Groundbreaking has not happened, and there have been assurances from politicians at every level of government that the project would survive a Trump administration,