Opinionated summary:

  • Despite Republican assurances, Trump called the CHIPS Act “horrible” and pushed for its scrapping, creating chaos for an industry already struggling with uncertainty.
  • The Trump administration has already sabotaged the program by laying off key staff and considering changes to the projects, showing its disdain for U.S. industrial growth.
  • Industry leaders, who have already committed billions to U.S. chip production, are now left in limbo, thanks to Trump’s shortsighted, destructive rhetoric.
  • TipRing@lemmy.world
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    1 day ago

    He hates it because Biden is supposed to be the worst president in the history of ever and Biden signed the CHIPS act so therefore it must be bad because Biden is bad. It’s not more complicated than that.

    • Nightwingdragon@lemmy.world
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      1 day ago

      He hates it because Biden is supposed to be the worst president in the history of ever and Biden signed the CHIPS act so therefore it must be bad because Biden is bad. It’s not more complicated than that.

      I’ll go a little bit further than that, because this mindset started long before Trump came to power.

      Mitch McConnell has been championing this mindset for decades. Anything, anything that Democrats are in favor of, Republicans must be against at all costs. How many times have we seen McConnell lead a charge for Republicans to suddenly be about-face on one of their own policies because it started getting Democrat support? The man once filibustered his own bill because it got Democrat support.

      Trump is just the manifestation of that mindset brought to its logical extremes. It was always going to end up here. At worst, Trump just sped the process up. But this is where we are now. Any Democrat initiatives are bad by default must be dismantled solely on the basis that a Democrat supported it in the first place.

      • Voroxpete@sh.itjust.works
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        1 day ago

        You’re absolutely correct, and it’s important to point this out because people need to understand that Trump is not behaving in ways that are unusual for Republicans. He’s just an extreme manifestation of the mindset they all share.

    • Axxys@lemmy.world
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      1 day ago

      He hates the Canadian milk tariffs but HE SIGNED THEM INTO EXISTENCE on his first term. (Also they’ve never been used)

  • yesman@lemmy.world
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    1 day ago

    I thought they wanted to on-shore industry to the US.

    I’m starting to think Trump is being disloyal to Putin by moonlighting for Xi.

    • TheFogan@programming.dev
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      1 day ago

      from the article, it sounds like he is… It’s carrot/stick… Oh you already introduced a carrot when I was out of office… but, I wanted to use sticks, Kill the carrot, more stick!

      (tarrifs being the stick).

  • minnow@lemmy.world
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    1 day ago

    Has he ever given any indication that he knows what the CHIPS Act is? Because I’m 99% sure he’s confusing it with CHIP Children’s Health Insurance Program which iirc is part of social security and we know he’s aiming to get rid of that.

      • SanctimoniousApe@lemmings.world
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        1 day ago

        To be fair, don’t a lot of people? I never got the hate, but I’ve run into plenty of people throughout my life who don’t care for him. I found his turn in the Fallout TV series to be a pleasant surprise.

        • PapaStevesy@lemmy.world
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          24 hours ago

          Idk, I think the majority of people have no clue who he is. I’ve never even seen CHiPS before, I just know he was in it.

        • pivot_root@lemmy.world
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          1 day ago

          “Mr President, you’re the president. You don’t need other people telling you what to do, your own ideas are perfect. By the way, here’s The Hungry Hungry Liberal, A Project 2025 Picturebook for you to read while waiting for Biden to leave.”

  • Placebonickname@lemmy.world
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    1 day ago

    It’s just another article where I’m not sure if Trump is too stupid to know what he’s doing or if he’s manipulating the market so his rich buddies can cash in on something

  • Anarch157a@lemmy.dbzer0.com
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    1 day ago

    If he scraps the CHIPs act, Intel will be bankrupt before the end of his term. Even worse, it could be bought by a private (in)equity fund.

    • grue@lemmy.world
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      Even worse, it could be bought by a private (in)equity fund.

      Oh, so that’s why he wants to do it!

    • zourn@lemmy.world
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      Not going to be great for Samsung either. They already invested a bunch of money to bring more industry to the states on the back of $45 billion in CHIPS act subsidies.

  • circuitfarmer@lemmy.sdf.org
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    1 day ago

    There is already enough data for level-headed people to notice that Trump is acting against the interests of his country.

    The fact we have to rely on lifelong grifters to notice is the really terrifying part.

  • devnev@lemmy.dbzer0.com
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    1 day ago

    I have to assume he sees any government spending as a problem, with no concept of a government trying to financially support or stimulate the economy.

    Edit: except for when it’s his own or his buddy’s grift, then it’s fine

  • cm0002@lemmy.world
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    1 day ago

    Ha, the leopards are eating the biggest faces of them all. The tech industry that played no small part in getting him elected LMAO

  • Dimmer@leminal.space
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    1 day ago

    Trump just needs his name on the bill. This is a powerful industry, just knees down and offer the money and loyalty, drama will pass on this.