WASHINGTON, D.C. — President Donald Trump told a joint session of Congress he wants to end the CHIPS Act.
“Taiwan semiconductor, the biggest in the world, most powerful in the world, has a tremendous amount, 97% of the market. Announced a $165 billion investment to build the most powerful chips on Earth right here in the USA. And we’re not giving them any money. 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. All that meant to them we’re giving them no money. All that was important to them was they didn’t want to pay the tariffs, so they came in the building and many other companies are coming. We don’t have to give them money. We just want to protect our businesses and our people, and they will come because they won’t have to pay tariffs if they build in America. So it’s very amazing. You should get rid of the CHIPS Act and whatever is left over, Mr. Speaker, you should use it to reduce debt. Or any other reason you want to.”
The bipartisan legislation was passed during the Biden Administration. The Capital Region was chosen as the national headquarters for semiconductor research and training.
House Speaker Mike Johnson, a Republican, previously suggested he would repeal the CHIPS act in an interview in Syracuse. He later clarified those comments, saying the CHIPS act was not on the agenda to repeal.
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In a statement, Governor Hochul addressed President Trump’s comments about the CHIPS act Tuesday night, while also calling out what she called a ‘failure’ to address the affordability crisis.
GOVERNOR HOCHUL’S STATEMENT:
The President doubled down on his tariffs, which would cost New York families more than $1,200 each year and devastate our family farms. He called on Congress to repeal the CHIPS and Science Act, which would risk 50,000 jobs and a $100 billion investment in Central New York. And he was shockingly silent on health care — even as his allies in Congress threaten to strip Medicaid coverage away from millions of New Yorkers.
“But that’s not how we do things here in New York. I’m going to continue our laser focus on affordability, fighting to pass a budget that lowers middle-class taxes and triples the child tax credit. No matter what nonsense comes out of Washington, I’ll keep fighting to put money back in your pockets.
Additionally, Democratic Lawmaker Paul Tonko, who represents NY-20, said Trump’s stance on the CHIPS act is a “major issue” in his district.
“When I heard him say he’d undo the CHIPS and Science Act, that’s a major issue for my district. In Upstate New York, with Micron in Syracuse, Global Foundries in Malta, helping the former IBM location in Binghamton with battery manufacturing, all of this was enabled by the CHIPS and Science Act,” said Rep. Paul Tonko, (D) NY-20.
