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.
Especially when you consider that we’re on the precipice of an AI and ARM revolution, which is kicking off a whole new race in chip design and demand.
As the saying goes, when a gold rush hits, be the guy selling shovels.
Yet trump is here during the gold rush taking a loss on the shovels we have in order to buy the mineral rights for the air.