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ARTICLE · 26 MARCH 2025

Navigating Trump's Semiconductor Strategy

Foley & Lardner LLP
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As President Donald Trump's second term continues, the government's approach to the semiconductor industry is undergoing a significant shift. Industry stakeholders should anticipate changes in key areas.

United StatesInternational Law
John Strom
John Strom
Katie Schoettler
Katie Schoettler
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As President Donald Trump's second term continues, the government's approach to the semiconductor industry is undergoing a significant shift. Industry stakeholders should anticipate changes in key areas, including the "CHIPS and Science Act," tariff implementations, export controls, and regulatory frameworks.

Reassessment of the CHIPS and Science Act

Enacted in 2022, the "CHIPS and Science Act" allocated substantial funding to bolster domestic semiconductor manufacturing and research. Despite its bipartisan support, President Trump has criticized the act, describing it as unnecessary subsidization.

"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... You should get rid of the CHIPS Act and whatever is left over, Mr. Speaker, you should use it to reduce debt."

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