Pres. Trump cabinet meeting: Companies are all coming back to the US

Pres. Trump speaking at his cabinet meeting says:

• Companies are all coming back to the US.
• Investment numbers are beyond expectations.
• CHIPs Act was a disaster.

Pres. Trump is critical of the CHIPs Act. The act was a bipartisan agreement aimed at strengthening domestic manufacturing, research, and supply chains for semiconductors—the critical components powering everything from smartphones to military systems. Remember the supply chain disruption in the auto industry and its impact on prices, used car prices, inflation, etc.

🔹 Key Goals:

• Boost U.S. semiconductor manufacturing

• Reduce dependence on foreign chipmakers (especially in Asia)

• Strengthen national security

• Support scientific research and innovation

🔹 Major Provisions:

• $52.7 billion in federal funding:

  • $39 billion for manufacturing incentives

  • $13.2 billion for R&D and workforce development

  • $2 billion for legacy chips used in defense and autos

• 25% investment tax credit for companies that build or expand semiconductor facilities in the U.S.

• Funding for science agencies like NSF, DOE, and NIST to advance innovation and STEM education.

Whether it is a disaster or not is TBD as facilities are still being built by the likes of Intel and Taiwan Semiconductor.

This article was written by Greg Michalowski at www.forexlive.com.