> Now, Mr. Trump is threatening to upend years of work. Chip company executives, worried that funding could be clawed back, are calling lawyers to ask what wiggle room the administration has to terminate signed contracts, said eight people familiar with the requests.
>
> After the speech, Senator Todd Young, the Indiana Republican who championed CHIPS, said he reached out to the White House to seek clarity about Mr. Trump’s attack because the criticism was “in tension” with the administration’s previous support.
>
> “If it needs to transform into a different model over a period of time, I’m certainly supportive of that,” Mr. Young said last week. “But let’s be clear, the CHIPS and Science Act, at least the chips portion, has mostly been implemented. It has been one of the greatest successes of our time.”
–
> But the Trump administration has already taken steps to whittle away at the program.
>
> In late February, Michael Grimes, a senior official at the Department of Commerce and former investment banker at Morgan Stanley, conducted brief interviews with employees of the CHIPS Program Office, which oversees the grants.
>
> In interactions some described as “demeaning,” Mr. Grimes asked employees to justify their intellect by providing test results from the SAT or an IQ test, said four people familiar with the evaluations. Some were asked to do math problems, like calculate the value of four to the fourth power or long division.
>
> Last week, the Commerce Department laid off 40 of the CHIPS office employees, nearly a third of the entire team, these people said.
>
> The administration has also begun discussing changes to projects that received chip-related subsidies, according to three people familiar with the internal conversations. The Biden administration gave preferential treatment for recipients that hired unionized construction workers and provided child care for employees, guidelines that could be changed, the people said.
Non-zero chance he had stale Doritos for lunch and is now attacking the “billions in government subsidies for chips”
sleepyrivertroll on
Getting rid of strategic domestic manufacturing to own the libs.
Not serious people
Secret-Ad-2145 on
This is the brilliance of Donald Trump. He will bring back the semiconductor industry by getting rid of the policy to bring them back and tariff the country with the best factories of the best chip technology.
The sheer incompetence of this admin is astonishing
Key_Environment8179 on
This is literally just because Biden did this and will forever be part of his legacy. No other reason
ArcaneAccounting on
Dismantling industrial policy? Conflicted between my hate for Trump and hate for corporate handouts.
r2d2overbb8 on
Where are the Industrial Policy is good people?
dutch_connection_uk on
Industrial policy and trade war, but Biden did it, so now Trump is against it.
StPatsLCA on
God bless fascists for being constitutionally incapable of evaluating their own and their enemies positions. I’d hate to deal with competent ones. It’s an ideology that almost makes you shoot yourself in the foot.
ForWhomTheAltTrolls on
Sorry guys, I wished that Trump would stop implementing policies that gave handouts to domestic industries. These genies always find a way to screw you 🙁
14 Comments
> Now, Mr. Trump is threatening to upend years of work. Chip company executives, worried that funding could be clawed back, are calling lawyers to ask what wiggle room the administration has to terminate signed contracts, said eight people familiar with the requests.
>
> After the speech, Senator Todd Young, the Indiana Republican who championed CHIPS, said he reached out to the White House to seek clarity about Mr. Trump’s attack because the criticism was “in tension” with the administration’s previous support.
>
> “If it needs to transform into a different model over a period of time, I’m certainly supportive of that,” Mr. Young said last week. “But let’s be clear, the CHIPS and Science Act, at least the chips portion, has mostly been implemented. It has been one of the greatest successes of our time.”
–
> But the Trump administration has already taken steps to whittle away at the program.
>
> In late February, Michael Grimes, a senior official at the Department of Commerce and former investment banker at Morgan Stanley, conducted brief interviews with employees of the CHIPS Program Office, which oversees the grants.
>
> In interactions some described as “demeaning,” Mr. Grimes asked employees to justify their intellect by providing test results from the SAT or an IQ test, said four people familiar with the evaluations. Some were asked to do math problems, like calculate the value of four to the fourth power or long division.
>
> Last week, the Commerce Department laid off 40 of the CHIPS office employees, nearly a third of the entire team, these people said.
>
> The administration has also begun discussing changes to projects that received chip-related subsidies, according to three people familiar with the internal conversations. The Biden administration gave preferential treatment for recipients that hired unionized construction workers and provided child care for employees, guidelines that could be changed, the people said.
https://preview.redd.it/4z90mfd3swne1.jpeg?width=1290&format=pjpg&auto=webp&s=608dc8c928d0bc44af75a425d5ec154a6064f1f6
Non-zero chance he had stale Doritos for lunch and is now attacking the “billions in government subsidies for chips”
Getting rid of strategic domestic manufacturing to own the libs.
Not serious people
This is the brilliance of Donald Trump. He will bring back the semiconductor industry by getting rid of the policy to bring them back and tariff the country with the best factories of the best chip technology.
The art of the deal indeed.
https://preview.redd.it/atvdnp2mswne1.jpeg?width=524&format=pjpg&auto=webp&s=6476720901a431132e61fc73d1d68f0ace37299d
https://preview.redd.it/g3dvx4v1twne1.png?width=1022&format=png&auto=webp&s=9be9dfe66a319efa8b1dc61b8a4e781be7bbbaed
The sheer incompetence of this admin is astonishing
This is literally just because Biden did this and will forever be part of his legacy. No other reason
Dismantling industrial policy? Conflicted between my hate for Trump and hate for corporate handouts.
Where are the Industrial Policy is good people?
Industrial policy and trade war, but Biden did it, so now Trump is against it.
God bless fascists for being constitutionally incapable of evaluating their own and their enemies positions. I’d hate to deal with competent ones. It’s an ideology that almost makes you shoot yourself in the foot.
Sorry guys, I wished that Trump would stop implementing policies that gave handouts to domestic industries. These genies always find a way to screw you 🙁