US President Donald Trump has called for the repeal of the 2022 CHIPS Act, which includes $39 billion in subsidies for US semiconductor manufacturing. Despite its success in attracting investments, Trump believes the funds would better serve reducing national debt. Commerce Secretary Howard Lutnick and New York Governor Kathy Hochul defended the act’s economic benefits. Post navigation ‘Like a VIP Maharaja’: BJP, Congress target Kejriwal over ‘lavish convoy’ in Punjab Ram Madhvani on the Jallianwala Bagh massacre: It’s not been taught in British schools; 12 British actors came down from London; they didn’t know this