Schumer Confident Trump’s Repeal of CHIPS Funding Will Fall Short

In a recent address, Senate Majority Leader Chuck Schumer expressed strong confidence that former President Donald Trump's attempts to dismantle the critical CHIPS Act funding will not succeed. The CHIPS Act, which stands for Creating Helpful Incentives to Produce Semiconductors for America, was enacted to fortify the U.S. semiconductor industry, providing significant financial support for technological development.

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