During President Trump’s first address to the joint session of Congress since taking office in January 2025, he said to the present senators and representatives, “You should get rid of the CHIPS Act, and whatever is left over, Mr. Speaker, you should use it reduce debt or any other reason you want to.” He also said during the televised speech that the CHIPS Act was a “horrible, horrible thing” and that the US has given “hundreds of billions of dollars, and it doesn’t mean a thing; they take our money, and they don’t spend it.”
