Trump shouted to end $52 billion in chip bill subsidies: Don't want to give TSMC a dime...

U.S. President Donald Trump today called for an end to the $52 billion semiconductor subsidy program, which previously drove more than $400 billion in investment from TSMC, Intel and other companies, but Trump said he would never provide any money to chipmakers under the CHIP Act. (Synopsis: Trump 2.0's First Congressional Speech: The American Dream Is Unstoppable!) TSMC's strongest in the world "does not want to be subject to tariffs" to invest in the United States) (Background supplement: Trump or drop ink tariffs BTCRebound exceeded 88,000, Etherfang defended $2,150, and TSMC ADR rose 4%) US President Donald Trump delivered his first congressional address for his second term this morning, criticizing the CHIP Act as a terrible thing, urging U.S. House Speaker Mike Johnson to repeal the bill and use "surplus funds" for " reducing the national debt or for other purposes". The Chips and Science Act, one of the most important industrial policies in decades in the United States, allocated $39 billion in grants, plus loans and 25 percent tax incentives to revitalize U.S. semiconductor manufacturing, including $11 billion in chip research and development, with the goal of reducing U.S. dependence on electronic components in Asia. However, Trump has been critical of the plan as a waste of government funds, arguing that tariffs can achieve the same effect and generate revenue for the U.S. government at the same time, and there are also opinions within the Republican Party that "social" provisions of the CHIP Act, such as labor-friendly provisions or environmental requirements, should be repealed. Still, many Democratic and Republican officials agree that the bill is vital to U.S. national security and the economy, so it will not be easy for Trump to win congressional support for repealing it, with many Republican lawmakers voting for it and many conservative districts getting factories or other related programs because of the legislation. At the same time, Trump attributed TSMC's additional $100 billion in U.S. investment to his tariff policy, which is on top of TSMC's previously promised $65 billion investment, saying that "we didn't give TSMC any money, the only thing they care about is that they don't want to pay tariffs." TSMC subsidy may not be obtained? TSMC initially announced an investment of $12 billion to build a U.S. plant during Trump's first term, and then expanded to three factories under the promotion of the Biden administration, and TSMC reached an agreement with the Biden administration to obtain a $6.6 billion CHIP Act grant and a $5 billion loan. According to the bill, these funds will be distributed gradually after TSMC reaches milestones, and TSMC has received $1.5 billion before Biden leaves office. Trump has not made it clear whether he will try to recoup the funds already disbursed, remove the remaining incentives promised by the administration or simply stop further support for TSMC's latest investment, and U.S. Commerce Secretary Howard Lutnick said Monday that TSMC's newly announced investment plans will not be eligible for federal funds. Related reports Trump's second son Eric Trump advocated BTC and ETH three times this year "100% failure rate", bad luck or premeditated? ADA was named by Trump to be selected for the US encryption reserve, how does Cardano build the Bull Market illusion with narrative? Samson Mow warns Trump: Encryption reserves will become a "speculative game" if mixed with altcoin coins "Trump calls for ending $52 billion in chip bill subsidies: don't want to give TSMC a dime..." This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".