The CHIPS Act is in danger as mass layoffs hit the office

The CHIPS Act is in danger as mass layoffs hit the office

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It seems that the US chips law is going on the Dodo road as a new a report (Translated sourceIt claims that 80 percent of its employees have been demobilized. In addition, the chief Korean American economists resigned.

The Chips Law provides subsidies for the manufacture of local slides segment in an attempt to enhance the American semiconductor industry. However, President Donald Trump said he wanted to cancel the US chips law because it is a waste of government money. Instead, the president wants to address the semiconductor industry by imposing a tariff on imported goods.

According to Trump, the customs tariff will force companies to transfer their operations to the United States without having to provide subsidies. The customs tariffs have already been applied to various sectors through imports from multiple regions, and retaliatory definitions have been faced in return.

If 80 percent of the employees working in the US Chips Law Office are in fact, writing on the wall. It is very likely that the chips law will be dismantled in the near future. Whether this actually has the desired result still should be seen.

Video mini image

Apple tries to exempt from definitions. | Video credit - Phonearena


The Korean giants Samsung and SK Hynix are concerned with recent events according to the report. Samsung in particular is concerned about the subsidies that it was supposed to receive for the manufacturing factory it makes in Taylor, Texas.

The customs duties will also harm Apple because the company still sees that most of its manufacture is carried out in China and that is exposed to more brutal definitions. During the first period of Apple CEO Tim Cook was able to exempt the company from the definitions. Cook may try to do the same time this time, but Trump's proximity with Elon Musk may make it more difficult.

In addition to dismantling the chips law, I am also sad to see many talents. This is the first time that collective workers have reached a government organization since Trump's inauguration, but it is never easy to see.


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It seems that the US chips law is going on the Dodo road as a new a report (Translated sourceIt claims that 80 percent of its employees have been demobilized. In addition, the chief Korean American economists resigned.

The Chips Law provides subsidies for the manufacture of local slides segment in an attempt to enhance the American semiconductor industry. However, President Donald Trump said he wanted to cancel the US chips law because it is a waste of government money. Instead, the president wants to address the semiconductor industry by imposing a tariff on imported goods.

According to Trump, the customs tariff will force companies to transfer their operations to the United States without having to provide subsidies. The customs tariffs have already been applied to various sectors through imports from multiple regions, and retaliatory definitions have been faced in return.

If 80 percent of the employees working in the US Chips Law Office are in fact, writing on the wall. It is very likely that the chips law will be dismantled in the near future. Whether this actually has the desired result still should be seen.

Video mini image

Apple tries to exempt from definitions. | Video credit – Phonearena

The Korean giants Samsung and SK Hynix are concerned with recent events according to the report. Samsung in particular is concerned about the subsidies that it was supposed to receive for the manufacturing factory it makes in Taylor, Texas.

The customs duties will also harm Apple because the company still sees that most of its manufacture is carried out in China and that is exposed to more brutal definitions. During the first period of Apple CEO Tim Cook was able to exempt the company from the definitions. Cook may try to do the same time this time, but Trump’s proximity with Elon Musk may make it more difficult.

In addition to dismantling the chips law, I am also sad to see many talents. This is the first time that collective workers have reached a government organization since Trump’s inauguration, but it is never easy to see.



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