From www.ibtimes.co.uk: Donald Trump has launched a campaign against the CHIPS and Science Act, labelling it a “horrible” misuse of government funds that should be eliminated to reduce national debt.

His criticism comes as the semiconductor industry faces uncertainty, highlighted by significant layoffs within the CHIPS Office.

While some state leaders defend the act’s impact on job creation and investment, Trump argues that tariffs alone could suffice to stimulate domestic manufacturing without federal subsidies.