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President Donald Trump made no bones about his distaste for the U.S. Chips Act during his congressional address Tuesday night — raising questions in the semiconductor industry about the future of the program and the role some U.S. companies will play going forward.
Trump also
touted a recent agreement with Taiwan Semiconductor Manufacturing Co. Ltd. TSM TW:2330 in which the world’s largest chip-manufacturing company promised to invest $100 billion into building more factories in the U.S., in addition to $65 billion already planned. The latest agreement was not through any funding from the Chips Act, which funded $6.6 billion toward TSMC’s Arizona plants last November.
