Republican House Speaker Mike Johnson reversed himself on Friday after saying earlier in the day that a victory by Donald Trump would likely kill a federal program subsidizing the semiconductor industry.
Johnson responded to a question at a campaign event in Syracuse, New York, that he expected that Republicans "probably will" repeal the CHIPS and Science Act, which President Joe Biden signed into law in 2022. The act, passed with bipartisan support, is aimed at boosting domestic semiconductor production and committed $54 billion to the industry.
