Trump wants to copy parts of Biden's old computer chip law for his new plan. The president aims to give sweet deals to tech giants like TSMC when they build more factories on American soil. He used to hate the CHIPS Act and called it a waste of taxpayer money during campaign rallies. The administration sees making computer chips at home as crucial for national security reasons.
The new proposal goes under the name Big Beautiful Bill and could boost tax breaks for semiconductor companies. These firms might see their government credits jump from 20 percent all the way up to 35 percent of their investment costs. Trump previously tried forcing foreign companies to move here through heavy import taxes and trade penalties. Officials have learned that offering carrots works better than just using sticks to attract major manufacturers.
TSMC leads the pack with over 100 billion dollars promised for American factories and production lines. The Taiwan-based company has already started building massive facilities across several states to make advanced computer processors. Micron plans to spend even more with 200 billion dollars earmarked for memory chip plants that produce DRAM and specialized components. Most observers agree that Trump's push for domestic chip making has succeeded beyond expectations as companies actually follow through on their commitments.
The new proposal goes under the name Big Beautiful Bill and could boost tax breaks for semiconductor companies. These firms might see their government credits jump from 20 percent all the way up to 35 percent of their investment costs. Trump previously tried forcing foreign companies to move here through heavy import taxes and trade penalties. Officials have learned that offering carrots works better than just using sticks to attract major manufacturers.
TSMC leads the pack with over 100 billion dollars promised for American factories and production lines. The Taiwan-based company has already started building massive facilities across several states to make advanced computer processors. Micron plans to spend even more with 200 billion dollars earmarked for memory chip plants that produce DRAM and specialized components. Most observers agree that Trump's push for domestic chip making has succeeded beyond expectations as companies actually follow through on their commitments.
