Trump demands Congress repeal bipartisan CHIPS Act

President Donald Trump urged lawmakers Tuesday night during his first joint address to Congress of his second term to repeal the CHIPS and Science Act.

The $280 billion bill, passed with bipartisan support and signed into law by former President Joe Biden in 2022, provided $52 billion for U.S. companies to produce computer chips that were in critical demand, as well as tens of billions more to boost semiconductor manufacturing, advance scientific research, and combat China by strengthening U.S. competitiveness.

Trump, touting his recent tariffs levied against countries like Mexico, Canada, and China, suggested companies were using the law’s funding for a free handout without providing any economic return...