Sydney Armani - Trump 2.0 and the CHIPS Act: Bolstering America's Semiconductor Industry Under New Administration With Donald Trump re-elected as President in 2024, the semiconductor industry and the CHIPS Act are set to play a critical role in his administration’s agenda. As global competition for advanced technology heats up, particularly with China, the U.S. is looking to secure its semiconductor supply chains, essential for economic stability and national security. Originally passed in 2022, the CHIPS and Science Act allocated $52 billion to incentivize U.S.-based semiconductor
