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Trump’s Plan to End the CHIPS Act: A Death Blow to Biden’s Failed Economy

EDITOR'S NOTES

The CHIPS Act was sold as a way to bring semiconductor manufacturing back to America. In reality, it became yet another taxpayer-funded bailout for massive corporations—many of them foreign. President Trump’s call to repeal the CHIPS Act exposes a harsh truth: this was never about strengthening the U.S. economy. It was about enriching elites while keeping America dependent on global supply chains. In this article, we uncover why the CHIPS Act failed, how it benefits everyone except American workers, and what Trump’s alternative plan means for the future.

Mr. Anderson Mar 7, 25

Trump Calls for CHIPS Act Repeal: A Blow to Corporate Handouts

The Promise vs. The Reality

The CHIPS Act, signed into law in 2022, was supposed to be a game-changer. The pitch? Bring semiconductor manufacturing back to America, reduce reliance on China, and secure critical supply chains. But here’s the ugly truth: while the government threw $53 billion at the industry, American workers saw little benefit.

Taiwan Semiconductor Manufacturing Company (TSMC), the largest recipient of CHIPS Act funds, was already investing in U.S. factories—long before Biden’s handouts. But rather than creating a domestic production powerhouse, the CHIPS Act allowed foreign companies to take U.S. taxpayer money while maintaining their real operations overseas.

So, what did the American people get for their billions? More foreign-owned plants, higher corporate profits, and zero guarantees that chip production would actually stay in the U.S.

Trump’s Alternative: End the Handouts, Enforce Fair Trade

Trump, never one to mince words, ripped into the CHIPS Act in his congressional address:
"Your CHIPS Act is a horrible, horrible thing. We give hundreds of billions of dollars, and it doesn't mean a thing. They take our money, and they don’t spend it."

Instead of handing out taxpayer cash, Trump proposes a different approach: trade tariffs. Instead of paying corporations to bring production back, why not force them to do it? A 25% tariff on foreign-made chips would make it economically necessary to build in America—without bleeding the U.S. Treasury dry.

This is classic Trump: don’t subsidize the problem, fix it.

The CHIPS Act: A Massive Giveaway to the Elite

If you think this was about helping America compete with China, think again. The CHIPS Act is nothing more than a corporate welfare program dressed up as an economic policy.

The biggest beneficiaries? Billion-dollar multinational corporations that don’t need the money.
The biggest losers? American taxpayers and small businesses who are still struggling under Bidenflation.

And let’s not forget: while the government hands out billions to chipmakers, American consumers are still paying sky-high prices for electronics. The CHIPS Act didn’t lower costs—it only padded the pockets of CEOs.

Will Congress Listen to Trump?

House Speaker Mike Johnson initially hinted at repealing the CHIPS Act but quickly backtracked—likely after a few phone calls from corporate lobbyists. This tells you everything you need to know about Washington: even Republican leaders are afraid to cross the donor class.

But Trump’s stance is clear. He’s pushing for an end to Biden’s corporate welfare policies, and he’s willing to impose real consequences for companies that offshore production. The question is, will Congress follow through, or will they cave to Big Tech?

Final Thoughts: Time to Stop the Corporate Handouts

The CHIPS Act was never about making America stronger—it was about making the rich richer. If Washington actually cared about U.S. manufacturing, they’d enforce trade rules and incentivize real production, not throw billions at corporations that play both sides.

Trump’s push to repeal this disastrous legislation is a step in the right direction. But it won’t happen without public pressure. If you’re tired of seeing your tax dollars wasted on failed policies, now’s the time to speak up.

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