The Biden administration pushes to finalize CHIPS Act agreements with Intel, Samsung, and others to boost U.S. chip manufacturing before the next presidential term.
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The Biden administration is racing to finalize the CHIPS Act agreement with companies like Intel, Samsung, and others before the end of Biden's term. The goal is to complete this Act before President-elect Donald Trump enters office in 2025. This Act aims to rebuild the domestic chip industry, which the U.S. currently relies on heavily from overseas sources.
The coming months will be crucial as companies work to secure deals to begin chip manufacturing in the U.S., particularly through new factories funded by government grants. The Trump administration has not yet commented on its stance regarding this Act, but the general consensus is that the CHIPS Act will remain in place after the new president takes office.
